Guideline Value for GANESH GARDENS

Ganesh Gardens guideline value

The current guideline value of Ganesh Gardens is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Ganesh Gardens has changed

The guideline value for Ganesh Gardens has remained consistent at Rs 800 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017.

In the 2023 revision, the guideline value was also Rs 800 per sq.ft. This indicates stability in the valuation for this property over the last two revisions, with no changes recorded in the previous revisions for this particular street.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Ganesh Gardens is above this median.

• Friends Avenue: Rs 600 per sq.ft (2024)
• Gomathi Amman Nagar Annex: Rs 600 per sq.ft (2024)
• Gomathi Amman Nagar Annex- I: Rs 600 per sq.ft (2024)
• Green Hill Avenue: Rs 850 per sq.ft (2024)
• Easwaran Nagar Phase-II: Rs 600 per sq.ft (2024)
• Easwaran Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Gardens?

The Ganesh Gardens property falls under the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To locate your specific SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Kolathur

The guideline value is a crucial factor when registering property transactions in Kolathur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value serves as a benchmark for both parties involved. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganesh Gardens?

The current guideline value of Ganesh Gardens is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ganesh Gardens has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Ganesh Gardens?

Ganesh Gardens is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ganesh Gardens?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 72,000.