Guideline Value for SOUTH GANAPATHY NAGAR (PA)

South Ganapathy Nagar (Pa) guideline value

The current guideline value of South Ganapathy Nagar (Pa) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam 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 undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the increase was 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, reflecting the fluctuations in the property market.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing South Ganapathy Nagar (Pa) below this median.

• S.K.R. Avenue (Ward -19): Rs 990 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, amounting to a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted fairly and transparently, in accordance with the regulations set forth by the Registration Department.

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 to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. This reflects a significant increase from the 2017 revision.

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

South Ganapathy Nagar (Pa) is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for property transactions in South Ganapathy Nagar (Pa)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, ensuring that the total fees reflect the property's value accurately.