Guideline Value for GANGAI AMMAN KOIL STREET- VADAPALANI

Gangai Amman Koil Street- Vadapalani guideline value

The current guideline value of Gangai Amman Koil Street- Vadapalani is Rs 7,100 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 Special Type - II.

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

The guideline value for Gangai Amman Koil Street- Vadapalani has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 2,000 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a 225% rise. However, it then decreased to Rs 4,355 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 7,100 per sq.ft, a 9% increase from 2023.

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 255%.

Guideline values in Puliyur

The guideline values for properties in Puliyur range from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Gangai Amman Koil Street- Vadapalani's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets in the area.

• Gangai Amman Koil Street - Choolaimedu: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 4th Street - Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 3rd Street - Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 3rd Street - Choolaimedu: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 2nd Street - Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 1st Lane - Vadapalani: Rs 5,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Kodambakkam Sub Registrar Office covers Gangai Amman Koil Street- Vadapalani. The office is 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 when registering property transactions in Puliyur. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold, the guideline value ensures that the government receives the appropriate taxes based on the property's valuation. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Gangai Amman Koil Street- Vadapalani 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 from Rs 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

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

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office is responsible for Gangai Amman Koil Street- Vadapalani?

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

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

The land classification for Gangai Amman Koil Street- Vadapalani is Residential Special Type - II.