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Guideline Value

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

₹440/sq.ft.

The guideline value for Sri Ganapathy Garden Permanur (ward -15) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Ganapathy Garden Permanur (ward -15)

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Sri Ganapathy Garden Permanur (Ward -15) guideline value

The current guideline value for Sri Ganapathy Garden Permanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this location is Residential Class II Type - II.

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

The guideline value for Sri Ganapathy Garden Permanur has undergone several revisions over the years. The earliest recorded figure is from 2012, where the rate was Rs 400 per sq.ft. In 2017, this value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 400 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sri Ganapathy Garden Permanur's current guideline value is below this median.

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, making the total charges Rs 39,600. It is essential to note that the 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 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 Ninna Karai

The guideline value plays a crucial role in property transactions in Ninna Karai, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When registering a property, buyers and sellers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be based on the sale price instead.

Frequently asked questions

What is the current guideline value for Sri Ganapathy Garden Permanur (Ward -15)?

The current guideline value for 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 seen several revisions, with the most recent increase from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, a change of 10%. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Sri Ganapathy Garden Permanur?

The land classification for Sri Ganapathy Garden Permanur is Residential Class II Type - II. This classification affects the guideline value and its application in property transactions.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Ganapathy Garden Permanur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.