Guideline Value for GANGADEESHWARAR KOIL 1ST LANE

Gangadeeshwarar Koil 1st Lane guideline value

The current guideline value for Gangadeeshwarar Koil 1st Lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class II Type - III.

How the guideline value of Gangadeeshwarar Koil 1st Lane has changed

The guideline value for Gangadeeshwarar Koil 1st Lane has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 261%. However, it then decreased to Rs 4,355 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 6,500 per sq.ft in 2023, and most recently, it reached Rs 7,100 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 294%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Gangadeeshwarar Koil 1st Lane above this median.

• Gangadeeshwarar Koil 2nd Lane: Rs 7,100 per sq.ft (2024)
• Gangadeeshwarar Koil 3rd Lane: Rs 7,100 per sq.ft (2024)
• Gangadeeshwarar Koil 4th Lane: Rs 7,100 per sq.ft (2024)
• Gangadeeshwarar Koil Avenue: Rs 7,100 per sq.ft (2024)
• Gangadeeshwarar Koil Street: Rs 8,800 per sq.ft (2024)
• Gangaiamma Battyer 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadeeshwarar Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gangadeeshwarar Koil 1st Lane?

The Sub Registrar Office that covers Gangadeeshwarar Koil 1st Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. Buyers must be aware of this value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gangadeeshwarar Koil 1st Lane?

The current guideline value of Gangadeeshwarar Koil 1st Lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, showing an overall increase of 294% over the years.

What is the stamp duty for properties in Gangadeeshwarar Koil 1st Lane?

The stamp duty for properties in Gangadeeshwarar Koil 1st Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Gangadeeshwarar Koil 1st Lane located?

The Sub Registrar Office for Gangadeeshwarar Koil 1st Lane is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Gangadeeshwarar Koil 1st Lane?

The land classification for Gangadeeshwarar Koil 1st Lane is Residential Class II Type - III.