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 Peramanoor village under the Chengleput Joint II SRO, 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. The earliest recorded revision is from 2012, where the value was Rs 900 per sq.ft. In 2017, it decreased to Rs 603 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 900 per sq.ft. The latest revision in 2024 set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Ganpathypuram (Sa) is below this median.

• Ganthi Nagar (Pa): Rs 550 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -17): Rs 661 per sq.ft (2024)
• Ganesh Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 661 per sq.ft (2024)
• Gandhi Nagar 7th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 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 would be 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 important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganpathypuram (Sa)?

The Ganpathypuram (Sa) area 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 Peramanoor

The guideline value is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs involved in the transaction. This ensures transparency and compliance with local regulations during property transfers.

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 stamp duty and registration fees for properties in Ganpathypuram (Sa)?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers Ganpathypuram (Sa)?

The Chengleput Joint II Sub Registrar Office covers Ganpathypuram (Sa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Ganpathypuram (Sa)?

Ganpathypuram (Sa) is classified as Residential Class I Type - II, indicating its suitability for residential development.