Guideline Value for GANDHINAGAR GANGAIAMMAN KOIL STREET

Gandhinagar Gangaiamman Koil Street guideline value

The current guideline value of Gandhinagar Gangaiamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Gandhinagar Gangaiamman Koil Street has changed

The guideline value for Gandhinagar Gangaiamman Koil Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 80 per sq.ft. It increased significantly to Rs 600 per sq.ft in 2012, marking a 650% rise. However, in the subsequent revision of 2017, the value decreased to Rs 402 per sq.ft, which was a 33% drop. The 2023 revision brought the value back up to Rs 600 per sq.ft, and then it increased further to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Gandhinagar Gangaiamman Koil Street is below this median.

• Gandhinagar Lourdupuram: Rs 555 per sq.ft (2024)
• Gandhinagar Periya Colony: Rs 660 per sq.ft (2024)
• Gain Nagar: Rs 1,110 per sq.ft (2024)
• Gokulam Nagar: Rs 555 per sq.ft (2024)
• Erikkarai Street: Rs 555 per sq.ft (2024)
• Gst Road Bazaar Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhinagar Gangaiamman Koil Street

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 amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhinagar Gangaiamman Koil Street?

The Sub Registrar Office that covers Gandhinagar Gangaiamman Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mathuranthagam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees associated with the transaction.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is valued appropriately for legal and taxation purposes. This helps maintain transparency and fairness in the property market.

Frequently asked questions

What is the current guideline value of Gandhinagar Gangaiamman Koil Street?

The current guideline value of Gandhinagar Gangaiamman Koil Street 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 several times, starting from Rs 80 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for Gandhinagar Gangaiamman Koil Street?

The Madurandakam Sub Registrar Office handles property registrations for Gandhinagar Gangaiamman Koil Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Gandhinagar Gangaiamman Koil Street?

The land classification for Gandhinagar Gangaiamman Koil Street is Residential Special Type - III.