Guideline Value for SRI GANAPATHY GARDEN PERMANUR (WARD -15)

Sri Ganapathy Garden Permanur (Ward -15) guideline value

The current guideline value of Sri Ganapathy Garden Permanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Sri Ganapathy Garden Permanur (Ward -15) has changed

Over the years, the guideline value for Sri Ganapathy Garden has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, marking a drop of 33%. In 2023, the value increased to Rs 400 per sq.ft, and the latest revision in 2024 set it at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that the guideline value of Sri Ganapathy Garden Permanur is below this median.

• Sri Gopalakrishna Nagar Phase -I: Rs 990 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase - III: Rs 1,980 per sq.ft (2024)
• Sri Gopala Krishnan Nagar: Rs 880 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathy Garden Permanur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Ganapathy Garden Permanur (Ward -15)?

The Sub Registrar Office that covers Sri Ganapathy Garden Permanur (Ward -15) 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 the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the total cost involved in the transaction. Buyers and sellers must be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Garden Permanur?

The current guideline value of Sri Ganapathy Garden Permanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Sri Ganapathy Garden Permanur?

Sri Ganapathy Garden Permanur is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For properties in Sri Ganapathy Garden Permanur, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 39,600.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office covers Sri Ganapathy Garden Permanur and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.