Guideline Value for GANGAI AMMAN KOIL 2ND STREET -VADAPALANI

Gangai Amman Koil 2nd Street -Vadapalani guideline value

The current guideline value of Gangai Amman Koil 2nd Street -Vadapalani is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gangai Amman Koil 2nd Street -Vadapalani has changed

Looking at the historical revisions, the guideline value for Gangai Amman Koil 2nd Street -Vadapalani has seen significant changes. In 2007, the guideline value was Rs 1,650 per sq.ft, which increased to Rs 5,300 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 252%. The register does not contain figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are a total of 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is the same as the current value for Gangai Amman Koil 2nd Street -Vadapalani.

• Gangai Amman Koil 3rd Street -Choolaimedu: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 3rd Street -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 4th Street -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 1st Lane -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 1st Cross Street -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Colony: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Amman Koil 2nd Street -Vadapalani

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 5,22,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Gangai Amman Koil 2nd Street -Vadapalani?

The Sub Registrar Office that covers Gangai Amman Koil 2nd Street -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 details.

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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gangai Amman Koil 2nd Street -Vadapalani?

The current guideline value of Gangai Amman Koil 2nd Street -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 increased from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 252% over the years.

What are the stamp duty and registration fees for properties 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 Sub Registrar Office covers this street?

The Kodambakkam Sub Registrar Office covers Gangai Amman Koil 2nd Street -Vadapalani, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Gangai Amman Koil 2nd Street -Vadapalani?

The land classification for Gangai Amman Koil 2nd Street -Vadapalani is Residential Class I Type - I.