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 1 July 2024. This area is located in Sattamangalam 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 seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has further increased it to Rs 660 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

When looking at the changes between revisions, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, making the guideline value for Ganesh Nagar (Ward -19) below the 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When you proceed with a property transaction, the guideline value will influence the stamp duty and registration fees payable. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall expenses involved in the transaction.

Frequently asked questions

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

The current guideline value for 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 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Gangaiamman Koil Street at Rs 660 per sq.ft, Ganpathypuram at Rs 990 per sq.ft, and Ganthi Nagar at Rs 440 per sq.ft, among others.

What is the registration fee for a property in Ganesh Nagar?

The registration fee for a property in Ganesh Nagar is calculated based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 6,60,000 would incur a registration fee of Rs 13,200 at 2%.

Where can I find the Sub Registrar Office for Ganesh Nagar?

The Sub Registrar Office covering Ganesh Nagar (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.