Guideline Value for Kandaswami Street / Ganapathy Nagar

Kandaswami Street / Ganapathy Nagar guideline value

The current guideline value of Kandaswami Street / Ganapathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Kandaswami Street / Ganapathy Nagar has changed

The guideline value for Kandaswami Street / Ganapathy Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 169 per sq.ft, which increased to Rs 191 per sq.ft in 2003, marking a 13% rise. The value then experienced a further increase to Rs 260 per sq.ft in 2007, reflecting a 36% change. By 2017, the guideline value surged to Rs 1,072 per sq.ft, which represents a substantial 312% increase from the 2007 figure. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from the previous revision. The current 2024 guideline value is Rs 1,760 per sq.ft, showing a 10% increase from 2023.

It is important to note that the register has no figure for Kandaswami Street / Ganapathy Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by an impressive 941%.

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 in this area is Rs 2,090 per sq.ft, which means that Kandaswami Street / Ganapathy Nagar's 2024 figure is below this median.

• Kanchi Munuswamy Street VOC Nagar: Rs 2,750 per sq.ft (2024)
• Kanakadass Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Kanakadass Street: Rs 1,760 per sq.ft (2024)
• Kambar Street (V.O.C. Nagar): Rs 2,750 per sq.ft (2024)
• Kambar Street ( Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Kannadasan Street (Easwar Nagar): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kandaswami Street / Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandaswami Street / Ganapathy Nagar?

Kandaswami Street / Ganapathy Nagar falls under 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 more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the government and the parties involved are protected in the transaction.

Frequently asked questions

What is the current guideline value of Kandaswami Street / Ganapathy Nagar?

The current guideline value of Kandaswami Street / Ganapathy Nagar is Rs 1,760 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 169 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 941% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current value for Kandaswami Street / Ganapathy Nagar.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where is the Sub Registrar Office located for Kandaswami Street / Ganapathy Nagar?

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