Guideline Value for GANPATHYPURAM (SA)

Ganpathypuram (Sa) guideline value

The current guideline value of Ganpathypuram (Sa) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Ganpathypuram (Sa) has changed

The guideline value for Ganpathypuram (Sa) has seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 990 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, which is equal to the current guideline value of Ganpathypuram (Sa).

• Ganthi Nagar (Pa): Rs 440 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Ganesh Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 660 per sq.ft (2024)
• Gandhi Nagar 7th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Ganpathypuram (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganpathypuram (Sa)?

The Ganpathypuram (Sa) area falls under 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 details.

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

The guideline value is a crucial factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, both the buyer and seller must be aware of the guideline value to avoid any disputes during the registration process. It is advisable to consult with local authorities or real estate professionals to ensure compliance with the current regulations regarding guideline values.

Frequently asked questions

What is the current guideline value of Ganpathypuram (Sa)?

The current guideline value of Ganpathypuram (Sa) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

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

Other streets in Panangottur include Ganthi Nagar (Pa) at Rs 440 per sq.ft, Gangaiamman Koil Street (Ward -17) at Rs 660 per sq.ft, and Gandhi Nagar 7th Street (Ward -3) at Rs 990 per sq.ft, among others.

What is the stamp duty for property in Ganpathypuram (Sa)?

The stamp duty for property in Ganpathypuram (Sa) is calculated at 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 9,90,000, the stamp duty would be Rs 69,300.

Where can I find the Sub Registrar Office for Ganpathypuram (Sa)?

The Sub Registrar Office covering Ganpathypuram (Sa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.