Guideline Value for Ganapathi Syndicate

Ganapathi Syndicate guideline value

The current guideline value of Ganapathi Syndicate is Rs 1,000 per sq.ft. This property is located in Melakottyur village under the Gooduvancheri SRO, classified as Residential Special Type - III.

How the guideline value of Ganapathi Syndicate has changed

The guideline value for Ganapathi Syndicate has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 150 per sq.ft. Following this, there was a significant increase in 2012, bringing the value to Rs 1,000 per sq.ft. However, in 2017, the value dropped to Rs 670 per sq.ft. The most recent revision in 2023 set the guideline value back to Rs 1,000 per sq.ft.

In terms of percentage changes, the guideline value increased by 567% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. Overall, from 2007 to 2023, the guideline value has increased by 567%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific guideline values provided for other properties in Melakottyur. Ganapathi Syndicate is the only street mentioned in the available data.

Stamp duty and registration fee for property in Ganapathi Syndicate

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, the total fees would amount to Rs 90,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi Syndicate?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Melakottyur. 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 calculate the applicable duties, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Ganapathi Syndicate?

The current guideline value of Ganapathi Syndicate is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2023 setting it at Rs 1,000 per sq.ft, compared to Rs 150 per sq.ft in 2007. There were fluctuations in between, including a drop to Rs 670 per sq.ft in 2017.

What are the stamp duty and registration fees for Ganapathi Syndicate?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,00,000. The stamp duty at 7% amounts to Rs 70,000, and the registration fee at 2% is Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Ganapathi Syndicate?

The Gooduvancheri Sub Registrar Office handles registrations for Ganapathi Syndicate, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value data for other streets in Melakottyur?

No specific guideline value data has been provided for other streets in Melakottyur. Ganapathi Syndicate is currently the only street mentioned in the available records.