Guideline Value for Ganapathi Syndicate

Ganapathi Syndicate guideline value

The current guideline value of Ganapathi Syndicate is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Orathur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Ganapathi Syndicate has changed

The guideline value for Ganapathi Syndicate has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision has maintained this figure, showing no change from the 2023 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been no net change, as the current value remains at Rs 400 per sq.ft.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Ganapathi Syndicate is below this median.

• Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Gandhi Nagar: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-I: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-II: Rs 500 per sq.ft (2024)
• Eswari Garden: Rs 500 per sq.ft (2024)
• Elite Orchard: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Syndicate

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

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, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Orathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ganapathi Syndicate?

The current guideline value of Ganapathi Syndicate is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a decrease to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023.

What is the median guideline value in Orathur?

The median guideline value in Orathur is Rs 500 per sq.ft, with Ganapathi Syndicate's guideline value being below this median.

What are the stamp duty rates applicable in Ganapathi Syndicate?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Which office do I need to register property in Ganapathi Syndicate?

Property transactions in Ganapathi Syndicate are registered at the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.