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

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 Sattamangalam village, under the Chengleput Joint II SRO, and is classified as 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 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and then further to Rs 440 per sq.ft in 2024, reflecting a 10% increase from the previous year.

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

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Sri Ganapathy Garden Permanur is below this median.

• Sri Ganapathi Nagar Colony: Rs 660 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 660 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)
• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 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, while the registration fee at 2% would be Rs 8,800. Together, the total fees would amount to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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, 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 Sattamangalam

The guideline value is a crucial factor when buying or selling property in Sattamangalam. It serves as a benchmark for determining the value of the property during registration. Buyers should be aware that the registration fees and stamp duty are calculated based on this guideline value.

When a property is sold, the guideline value ensures that the transaction is registered at a fair value, which is essential for legal and financial purposes. It is important for both buyers and sellers to understand the guideline value to ensure compliance with local regulations.

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 changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased 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 intended use for residential purposes.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value, which for a property valued at Rs 4,40,000 would amount to Rs 8,800 at a rate of 2%.

Where is the Sub Registrar Office for Sri Ganapathy Garden Permanur located?

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