Guideline Value for GANTHI NAGAR (PA)

Ganthi Nagar (Pa) guideline value

The current guideline value of Ganthi Nagar (Pa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is 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 undergone several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. Following this, the guideline value saw a significant increase in the 2023 revision, rising to Rs 500 per sq.ft, and then further increasing to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 value, there has been a total increase of 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for 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 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)
• 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the 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, 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

When buying or selling property in Peramanoor, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is a reference point set by the government and is used to calculate the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. The registration office will use this value to ensure that the correct fees are applied, based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Ganthi Nagar (Pa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the stamp duty for property in Ganthi Nagar (Pa)?

The stamp duty for property in Ganthi Nagar (Pa) is calculated at 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Ganthi Nagar (Pa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the other streets in Peramanoor and their guideline values?

Other streets in Peramanoor have varying guideline values. For instance, Ganpathypuram (Sa) is valued at Rs 990 per sq.ft, while Gokul Nagar (Kr) has a value of Rs 1,100 per sq.ft.