Guideline Value for GANESH PHARM HOUSE

Ganesh Pharm House guideline value

The current guideline value of Ganesh Pharm House is Rs 150 per sq.ft. It is located in Sambadinallore village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - II.

How the guideline value of Ganesh Pharm House has changed

The guideline value for Ganesh Pharm House has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which was a decrease of 33% from the previous 2017 revision of Rs 100 per sq.ft. The 2023 revision maintained the value at Rs 150 per sq.ft, showing no change from the 2024 revision, which also stands at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 50% in the guideline value. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Sambadinallore

In Sambadinallore, there are three streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft. The median value for these streets is Rs 151 per sq.ft, and Ganesh Pharm House's 2024 figure is below that median.

• Rmp Nagar Phase - I: Rs 200 per sq.ft (2024)
• Surya Form House: Rs 151 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Pharm House

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total charges to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Pharm House?

The Ganesh Pharm House is covered by 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 Sambadinallore

The guideline value is a crucial factor in the registration process when buying or selling property in Sambadinallore. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is used to determine the applicable duties. Buyers should be aware that the charges are based on the higher amount between the guideline value and the sale price, ensuring that the appropriate fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Ganesh Pharm House?

The current guideline value of Ganesh Pharm House is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification of Ganesh Pharm House?

Ganesh Pharm House is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the registration fees for properties in Ganesh Pharm House?

The registration fees for properties in Ganesh Pharm House include a stamp duty of 7% and a registration fee of 2%, calculated on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Ganesh Pharm House?

The registration for Ganesh Pharm House is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.