Guideline Value for GANESH NAGAR (WARD -19)

Ganesh Nagar (Ward -19) guideline value

The current guideline value for Ganesh Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Ganesh Nagar (Ward -19) has changed

The guideline value for Ganesh Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, indicating a significant rise of +49% to the 2023 figure. The 2012 revision also listed a value of Rs 600 per sq.ft, which was a decrease of -33% from the 2017 value. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

When considering the overall change from 2012 to 2024, the guideline value has increased by +10%, moving from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024. This reflects the fluctuations in the guideline value over the years, influenced by various factors affecting property assessments.

Guideline values in Kattankollatur

Kattankollatur village comprises 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Ganesh Nagar's 2024 figure below this median.

• Gangaiamman Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Ganpathypuram (Sa): Rs 990 per sq.ft (2024)
• Ganthi Nagar (Pa): Rs 440 per sq.ft (2024)
• Gandhi Nagar 7th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 6th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 5th Street (Ward -3): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar (Ward -19)?

The Sub Registrar Office that covers Ganesh Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Ganesh Nagar (Ward -19)?

The current guideline value of Ganesh Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Ganesh Nagar (Ward -19)?

Ganesh Nagar (Ward -19) is classified as Residential Class I Type - III, indicating its designation for residential use.

Where is the Chengleput Joint II Sub Registrar Office located?

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 Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.