Guideline Value for SOUTH GANAPATHY NAGAR (PA)

South Ganapathy Nagar (Pa) guideline value

The current guideline value for South Ganapathy Nagar (Pa) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of South Ganapathy Nagar (Pa) has changed

Over the years, the guideline value of South Ganapathy Nagar (Pa) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing South Ganapathy Nagar (Pa) below this median.

• Southern County Phase - III: Rs 1,980 per sq.ft (2024)
• Sms Nagar: Rs 1,100 per sq.ft (2024)
• S.K.R. Avenue (Ward -19): Rs 990 per sq.ft (2024)
• Sree Krishna Nagar: Rs 1,320 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in South Ganapathy Nagar (Pa)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers South Ganapathy Nagar (Pa)?

The Sub Registrar Office covering South Ganapathy Nagar (Pa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The higher of the guideline value or the sale price is taken into account for calculating these fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of South Ganapathy Nagar (Pa)?

The current guideline value of South Ganapathy Nagar (Pa) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for South Ganapathy Nagar (Pa)?

South Ganapathy Nagar (Pa) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in South Ganapathy Nagar (Pa)?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 59,400, based on the current guideline value of Rs 6,60,000.

Where can I find the Sub Registrar Office for South Ganapathy Nagar (Pa)?

The Sub Registrar Office for South Ganapathy Nagar (Pa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II registration zone.