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 Sattamangalam 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

Over the years, the guideline value of Ganpathypuram (Sa) has experienced several revisions. The 2012 revision set the guideline value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 900 per sq.ft, and the latest revision in 2024 raised it to Rs 990 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 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, where the median value is Rs 1,100 per sq.ft. The guideline value of Ganpathypuram (Sa) is below this median.

• 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 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 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, making the total cost for these fees Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a crucial factor when buying or selling property in Sattamangalam, as it determines the minimum value at which a property can be registered. Buyers should be aware that the guideline value can influence the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is not significantly lower than the prescribed value. This helps maintain transparency in property transactions and ensures that the government collects appropriate taxes based on the property’s value.

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 of Ganpathypuram (Sa) has changed several times, with the most recent increase from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. The value saw a decrease from Rs 900 in 2012 to Rs 603 in 2017 before rising again.

What is the land classification of Ganpathypuram (Sa)?

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

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the Ganpathypuram (Sa) area.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value for properties. It also influences the calculation of stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.