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Guideline Value

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Guideline Value for GANGAI AMMAN KOIL 1st STREET (SOUTH)

₹2200/sq.ft.

The guideline value for Gangai Amman Koil 1st Street (south) in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Street (south)

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GANGAI AMMAN KOIL 1st STREET (SOUTH) guideline value

The current guideline value of GANGAI AMMAN KOIL 1st STREET (SOUTH) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of GANGAI AMMAN KOIL 1st STREET (SOUTH) has changed

The guideline value for GANGAI AMMAN KOIL 1st STREET (SOUTH) has seen several revisions over the years. The 2012 revision recorded a value of Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. GANGAI AMMAN KOIL 1st STREET (SOUTH) is above this median.

Stamp duty and registration fee for property in GANGAI AMMAN KOIL 1st STREET (SOUTH)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers GANGAI AMMAN KOIL 1st STREET (SOUTH)?

The GANGAI AMMAN KOIL 1st STREET (SOUTH) falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Karapakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a reference point for the authorities to assess the value of the property. This ensures that the appropriate taxes are collected based on the established rates.

Frequently asked questions

What is the current guideline value of GANGAI AMMAN KOIL 1st STREET (SOUTH)?

The current guideline value of GANGAI AMMAN KOIL 1st STREET (SOUTH) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 2,000 per sq.ft in 2012, decreased to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 set it at Rs 2,200 per sq.ft.

What is the land classification for GANGAI AMMAN KOIL 1st STREET (SOUTH)?

The land classification for GANGAI AMMAN KOIL 1st STREET (SOUTH) is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering GANGAI AMMAN KOIL 1st STREET (SOUTH) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in GANGAI AMMAN KOIL 1st STREET (SOUTH)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.