Guideline Value for GANTHI NAGAR (PA)

Ganthi Nagar (Pa) guideline value

The current guideline value of Ganthi Nagar (Pa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Ganthi Nagar (Pa) has changed

Over the years, the guideline value of Ganthi Nagar (Pa) has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back up to Rs 400 per sq.ft, and the latest 2024 revision increased it further to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

When looking at the changes from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the current 2024 figure, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village features 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value across these streets is Rs 1,100 per sq.ft, placing Ganthi Nagar (Pa) below this median.

• Ganpathypuram (Sa): Rs 990 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)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gandhi Nagar 7th Street (Ward -3): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ganthi Nagar (Pa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It's 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 detailed calculations.

Which Sub Registrar Office covers Ganthi Nagar (Pa)?

The Chengleput Joint II Sub Registrar Office covers Ganthi Nagar (Pa). The office is 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 Kattankollatur

The guideline value is a crucial factor in property transactions in Kattankollatur, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal and financial requirements during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory payments. Understanding the guideline value helps in accurately assessing the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Ganthi Nagar (Pa)?

The current guideline value of Ganthi Nagar (Pa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, with Ganthi Nagar (Pa) being below this median at Rs 440 per sq.ft.

What are the stamp duty and registration fees for a property in Ganthi Nagar (Pa)?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Ganthi Nagar (Pa)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.