Guideline Value for SOUTH GANAPATHY NAGAR (PA)

South Ganapathy Nagar (Pa) guideline value

The current guideline value of South Ganapathy Nagar (Pa) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor 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

The guideline value for South Ganapathy Nagar (Pa) has seen several revisions over the years. 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. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the latest revision in 2024 raised it further to Rs 661 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it saw a 10% rise. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, making the 2024 guideline value of South Ganapathy Nagar (Pa) below the median.

• S.K.R. Avenue (Ward -19): Rs 990 per sq.ft (2024)
• Sree Hari Avenue Phase - II: Rs 990 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 550 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 550 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 550 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 661 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 guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, the total cost for these fees would be Rs 59,490. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 that covers South Ganapathy Nagar (Pa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

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 661 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 661 per sq.ft in 2024, with notable changes such as a drop to Rs 402 per sq.ft in 2017 and an increase to Rs 600 per sq.ft in 2023.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for South Ganapathy Nagar (Pa).

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

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490. The actual duty is charged on the higher of the guideline value or the sale price.

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

South Ganapathy Nagar (Pa) is classified as Residential Class I Type - III according to the local land classification regulations.