Guideline Value for GANGADEESHWARAR KOIL 4TH LANE

Gangadeeshwarar Koil 4th Lane guideline value

The current guideline value of Gangadeeshwarar Koil 4th Lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - III.

How the guideline value of Gangadeeshwarar Koil 4th Lane has changed

The guideline value for Gangadeeshwarar Koil 4th 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, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Gangadeeshwarar Koil 4th Lane's 2024 guideline value is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value is 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, resulting in a total of Rs 6,39,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangadeeshwarar Koil 4th Lane?

The Sub Registrar Office that covers Gangadeeshwarar Koil 4th 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 a crucial figure used during the registration of property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, it is essential to consider the guideline value, as it impacts the overall cost of the transaction. The guideline value helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gangadeeshwarar Koil 4th Lane?

The current guideline value of Gangadeeshwarar Koil 4th 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 changed several times, starting from Rs 1,800 per sq.ft in 2007, increasing to Rs 6,500 in 2012, then decreasing to Rs 4,355 in 2017, rising again to Rs 6,500 in 2023, and finally reaching Rs 7,100 in 2024.

What is the land classification for Gangadeeshwarar Koil 4th Lane?

Gangadeeshwarar Koil 4th Lane is classified as Residential Class II Type - III, indicating its designation for residential purposes.

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

The stamp duty is charged at 7% on the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 71,00,000, resulting in a total of Rs 6,39,000 for stamp duty and registration fees combined.

Which office handles registrations for Gangadeeshwarar Koil 4th Lane?

The Purasaivakkam Sub Registrar Office handles registrations for Gangadeeshwarar Koil 4th Lane, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.