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 Panangottur village under the Chengleput Joint II SRO and is 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 undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. In 2023, the value increased to Rs 400 per sq.ft, and most recently, in 2024, it rose to Rs 440 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Ganthi Nagar (Pa) is 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 661 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 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, leading to a total of Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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, in the Chengalpattu registration zone. To locate your SRO, you can find your SRO.

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 at which a property can be registered, ensuring that the transaction is recorded accurately in the official registers.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

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 for Ganthi Nagar (Pa)?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased 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 zoning for residential use.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft, with Ganthi Nagar (Pa) being below this median at Rs 440 per sq.ft.

Where is the Sub Registrar Office for Ganthi Nagar (Pa) located?

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