Guideline Value for GANTHI NAGAR (PA)

Ganthi Nagar (Pa) guideline value

The current guideline value of Ganthi Nagar (Pa), located in Sattamangalam village under the Chengleput Joint II SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area 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 seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. This was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 400 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Ganthi Nagar (Pa)'s 2024 figure 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, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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 further calculations.

Which Sub Registrar Office covers Ganthi Nagar (Pa)?

The Ganthi Nagar (Pa) area falls under the jurisdiction of 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 in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that the transaction is recorded accurately and in compliance with local regulations.

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 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 suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,40,000, the total fees would amount to Rs 39,600.

Which Sub Registrar Office covers Ganthi Nagar (Pa)?

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