Guideline Value for GANESH NAGAR (WARD -19)

Ganesh Nagar (Ward -19) guideline value

The current guideline value of Ganesh Nagar (Ward -19) is Rs 660 per sq.ft, effective from the 2024 revision. This area is part of Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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

Over the years, the guideline value of Ganesh Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 660 per sq.ft, up from Rs 600 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision recorded a guideline value of Rs 402 per sq.ft, which was a significant increase of 49% from the previous Rs 600 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, when looking at the overall change from 2012 to 2024, there has been a 10% increase, reflecting the current value of Rs 660 per sq.ft.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Ganesh Nagar (Ward -19) is 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 rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty, calculated at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling 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 details, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value plays a crucial role in the registration process of property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared against the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 the 2024 revision.

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, a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the land classification of Ganesh Nagar?

Ganesh Nagar is classified as Residential Class I Type - III. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty rates for properties in Ganesh Nagar?

The stamp duty rate for properties in Ganesh Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value or sale price.

Where is the Sub Registrar Office located for Ganesh Nagar?

The Chengleput Joint II Sub Registrar Office, which covers Ganesh Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.