Guideline Value for Annai Indira Gandhi Co-op Housing Society

Annai Indira Gandhi Co-op Housing Society guideline value

The current guideline value of Annai Indira Gandhi Co-op Housing Society is Rs 2,000 per sq.ft, as per the 2023 revision. This property is located in Kilambakkam village, under the Gooduvancheri SRO, and is classified as Mixed Special Type - I.

How the guideline value of Annai Indira Gandhi Co-op Housing Society has changed

The guideline value for Annai Indira Gandhi Co-op Housing Society has seen several revisions over the years. In 2007, the guideline value was set at Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 restored the guideline value back to Rs 2,000 per sq.ft, representing a significant increase of 49% from the previous figure.

Overall, from 2007 to 2023, the guideline value has increased by 100%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Annai Indira Gandhi Co-op Housing Society is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Annai Indira Gandhi Co-op Housing Society

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost to Rs 1,80,000. 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 Annai Indira Gandhi Co-op Housing Society?

The Annai Indira Gandhi Co-op Housing Society falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Indira Gandhi Co-op Housing Society?

The current guideline value of Annai Indira Gandhi Co-op Housing Society is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and finally returned to Rs 2,000 per sq.ft in 2023.

What is the land classification for Annai Indira Gandhi Co-op Housing Society?

Annai Indira Gandhi Co-op Housing Society is classified as Mixed Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annai Indira Gandhi Co-op Housing Society?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 1,40,000.