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Guideline Value

Corporate

Guideline Value for GANGAI AMMAN KOIL 1ST LANE -VADAPALANI

₹5800/sq.ft.

The guideline value for Gangai Amman Koil 1st Lane -vadapalani in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5800 per sq.ft, effective 1 July 2024. It was Rs 5300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5800 /sq.ft.
From 1-4-2023 ₹5300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3551 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1650 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangai Amman Koil 1st Lane -vadapalani

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Gangai Amman Koil 1st Lane -Vadapalani guideline value

The current guideline value of Gangai Amman Koil 1st Lane -Vadapalani is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Gangai Amman Koil 1st Lane -Vadapalani has changed

The guideline value for Gangai Amman Koil 1st Lane -Vadapalani has undergone several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012. However, it dropped to Rs 3,551 per sq.ft in 2017. The value then rose to Rs 5,300 per sq.ft in 2023, before reaching the current value of Rs 5,800 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 221%. However, from 2012 to 2017, it decreased by 33%. The value then surged by 49% from 2017 to 2023, and increased by 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 252%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with a 2024 guideline value range from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is equal to the current guideline value of Gangai Amman Koil 1st Lane -Vadapalani.

Stamp duty and registration fee for property in Gangai Amman Koil 1st Lane -Vadapalani

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, making the total fees together Rs 5,22,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangai Amman Koil 1st Lane -Vadapalani?

The Sub Registrar Office that covers Gangai Amman Koil 1st Lane -Vadapalani is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gangai Amman Koil 1st Lane -Vadapalani?

The current guideline value of Gangai Amman Koil 1st Lane -Vadapalani is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, showing an overall increase of 252% over the years.

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

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which office handles property registrations for Gangai Amman Koil 1st Lane -Vadapalani?

The Kodambakkam Sub Registrar Office handles property registrations for Gangai Amman Koil 1st Lane -Vadapalani, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Gangai Amman Koil 1st Lane -Vadapalani?

The land classification for Gangai Amman Koil 1st Lane -Vadapalani is Residential Class I Type - I.