Guideline Value for GANAPATHY SYNDICATE (CHEN)

Ganapathy Syndicate (Chen) guideline value

The current guideline value for Ganapathy Syndicate (Chen) is Rs 770 per sq.ft, effective from the 2024 revision. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ganapathy Syndicate (Chen) has changed

The guideline value for Ganapathy Syndicate (Chen) has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 700 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 469 per sq.ft. However, from 2017 to 2023, the guideline value saw a significant increase of 49%, bringing it to Rs 700 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

Sengundram - 1 village features a range of guideline values across its 126 streets, with the 2024 figures varying from Rs 660 to Rs 3,285 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Ganapathy Syndicate (Chen) below that median.

• Ganapathy Nagar (Chen): Rs 770 per sq.ft (2024)
• Gandhi Nagar Extn (Chen): Rs 770 per sq.ft (2024)
• Ford Avenue (Chen): Rs 1,100 per sq.ft (2024)
• Ezhil Nagar (Chen): Rs 1,100 per sq.ft (2024)
• Gokulapuram Main Road (Chen): Rs 1,320 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Syndicate (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, calculated at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Therefore, the total cost for stamp duty and registration fees would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For accurate calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Syndicate (Chen)?

The Ganapathy Syndicate (Chen) area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in the property registration process in Sengundram - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Ganapathy Syndicate (Chen)?

The current guideline value for Ganapathy Syndicate (Chen) is Rs 770 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 in 2012 to Rs 469 in 2017, then increased to Rs 700 in 2023, and finally to Rs 770 in 2024. This shows a significant increase in the most recent years.

What is the land classification of Ganapathy Syndicate (Chen)?

Ganapathy Syndicate (Chen) is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the Ganapathy Syndicate (Chen) area.

How is stamp duty calculated for properties in Ganapathy Syndicate (Chen)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900.