Guideline Value

Corporate

Guideline Value for Ganapathi Nagar

₹660/sq.ft.

The guideline value for Ganapathi Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹38 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹367 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ganapathi Nagar

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Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 660 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Ganapathi Nagar has changed

Over the years, the guideline value of Ganapathi Nagar has seen several revisions. Starting from Rs 367 per sq.ft in 2002, it increased to Rs 38 per sq.ft in 2003, then to Rs 300 per sq.ft in 2007. The value rose significantly to Rs 600 per sq.ft in 2012, but experienced a decline to Rs 402 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 600 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the value doubled from 2007 to 2012. The most notable change occurred between 2003 and 2007, with an increase of 689%. Overall, from 2002 to 2024, the guideline value has risen by 80%.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Ganapathi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi Nagar?

The Ganapathi Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammathukulam. It acts as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price or the guideline value is considered for calculating the applicable duties, ensuring that the registration process adheres to the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 367 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, showing an overall increase of 80% over this period.

What is the stamp duty rate for property in Ganapathi Nagar?

The stamp duty rate for property in Ganapathi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Pammathukulam with their guideline values?

Other streets in Pammathukulam include Ganapathy Colony and Eswari Nagar, both at Rs 660 per sq.ft, Gandhi Nagar at Rs 330 per sq.ft, and Eswaran Nagar Extension-I at Rs 825 per sq.ft.