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 Ninna Karai village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

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

The guideline value for Ganthi Nagar (Pa) has seen several revisions over the years. 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. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the latest 2024 revision raised it further to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ninna Karai

Ninna Karai village has a range of guideline values across its 449 streets under the Chengleput Joint II SRO, with values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, placing Ganthi Nagar (Pa) below that 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)
• Gopola Krishnan Nagar (Kr): Rs 660 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 amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganthi Nagar (Pa)?

The Sub Registrar Office that covers Ganthi Nagar (Pa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps determine the minimum value on which the stamp duty is calculated. This ensures transparency in property transactions and helps maintain a fair process for both buyers and sellers.

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 to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Ganthi Nagar (Pa)?

Ganthi Nagar (Pa) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Ganpathypuram (Sa) at Rs 990 per sq.ft, Gangaiamman Koil Street (Ward -17) at Rs 660 per sq.ft, and Gokul Nagar (Kr) at Rs 1,100 per sq.ft, among others.

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

The Sub Registrar Office for Ganthi Nagar (Pa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.