Guideline Value for Ganesan Street / Samandanar Nagar

Ganesan Street / Samandanar Nagar guideline value

The current guideline value of Ganesan Street / Samandanar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ganesan Street / Samandanar Nagar has changed

The guideline value for Ganesan Street / Samandanar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This increased to Rs 226 per sq.ft in 2003, marking a change of 13%. The value then rose to Rs 360 per sq.ft in 2007, a change of 59%. By 2017, the guideline value reached Rs 1,507 per sq.ft, reflecting a substantial increase of 319%. The next revision in 2023 set the value at Rs 2,250 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has established the guideline value at Rs 2,475 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for Ganesan Street / Samandanar Nagar in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Ganesan Street / Samandanar Nagar above this median.

• Ganesan Street /Near Pammal Main Road: Rs 2,475 per sq.ft (2024)
• Ganesan Street, Sambandhanar Nagar: Rs 2,475 per sq.ft (2024)
• Gandhi Salai / Shankar Nagar: Rs 2,750 per sq.ft (2024)
• Gandhi Salai /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Gandhi Road, Moovendhar Nagar: Rs 2,475 per sq.ft (2024)
• Gandhi Nagar Extn ,Cross Street: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesan Street / Samandanar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty, charged at 7%, would be Rs 1,73,250, while the registration fee at 2% would be Rs 49,500. Together, the total cost for stamp duty and registration fee would be Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganesan Street / Samandanar Nagar?

The Sub Registrar Office that covers Ganesan Street / Samandanar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is registered at a fair value as determined by the state.

Frequently asked questions

What is the current guideline value of Ganesan Street / Samandanar Nagar?

The current guideline value of Ganesan Street / Samandanar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of 1,138%.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Ganesan Street / Samandanar Nagar being above this median.

What are the stamp duty and registration fees for property in Ganesan Street / Samandanar Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,22,750.

Where is the Sub Registrar Office for Ganesan Street / Samandanar Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.