Guideline Value for Ganapathi Puram

Ganapathi Puram guideline value

The current guideline value of Ganapathi Puram is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Kidangarai village under the Salavakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Ganapathi Puram has changed

The guideline value of Ganapathi Puram has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 50 per sq.ft. This figure changed to Rs 33 per sq.ft in 2017, marking a decrease of 34%. However, from 2017 to 2023, the value surged to Rs 100 per sq.ft, reflecting an increase of 203%. The most recent revision in 2024 set the guideline value at Rs 102 per sq.ft, a 2% rise from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Kidangarai

In Kidangarai, three streets are noted in the 2024 guideline value register, with values ranging from Rs 100 to Rs 102 per sq.ft. The guideline value of Ganapathi Puram is above the median of Rs 101 per sq.ft for these streets.

• Perumal Koil Street: Rs 100 per sq.ft (2024)
• Pillaiyar koil Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, and the registration fee at 2% would be Rs 2,040, leading to a total cost of Rs 9,180. 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 Ganapathi Puram?

The Ganapathi Puram area falls under the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kidangarai, as it is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring compliance with local regulations.

When registering a property, the guideline value serves as a reference point to assess the value of the property being transferred. This ensures that the transaction is recorded accurately and reflects the value determined by the Registration Department.

Frequently asked questions

What is the current guideline value of Ganapathi Puram?

The current guideline value of Ganapathi Puram is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, showing an overall increase of 104% over this period.

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

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

Where is the Salavakkam Sub Registrar Office located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the guideline values of other streets in Kidangarai?

Other streets in Kidangarai include Perumal Koil Street with a guideline value of Rs 100 per sq.ft and Pillaiyar koil Street with a guideline value of Rs 101 per sq.ft for 2024.