Guideline Value for Ganapathi Syndicate-II,III

Ganapathi Syndicate-II,III guideline value

The current guideline value for Ganapathi Syndicate-II,III is Rs 800 per sq.ft. This property is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganapathi Syndicate-II,III has changed

The guideline value has seen several revisions over the years. In the 2007 revision, the value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33% from the previous revision.

The most recent revision in 2023 set the guideline value at Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 400%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. The Ganapathi Syndicate-II,III guideline value sits at Rs 800 per sq.ft, as established in the 2023 revision.

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Stamp duty and registration fee for property in Ganapathi Syndicate-II,III

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathi Syndicate-II,III?

The Ganapathi Syndicate-II,III falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vengadamangalam. It is used as a basis for calculating stamp duty and registration fees during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ganapathi Syndicate-II,III?

The current guideline value of Ganapathi Syndicate-II,III is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then dropping to Rs 536 per sq.ft in 2017, and finally returning to Rs 800 per sq.ft in 2023.

What is the land classification of Ganapathi Syndicate-II,III?

Ganapathi Syndicate-II,III is classified as Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ganapathi Syndicate-II,III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 56,000 at 7%.