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Guideline Value

Corporate

Guideline Value for GANGAI AMMAN KOIL 2ND STREET

₹2200/sq.ft.

The guideline value for Gangai Amman Koil 2nd Street in Sholinganallur - 1 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 - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
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 N/A
From 1-4-2012 To 8-6-2017 N/A
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 2nd Street

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Gangai Amman Koil 2nd Street guideline value

The current guideline value of Gangai Amman Koil 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and falls under the Residential Class II Type - III land classification.

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

According to the guideline value register, there are no figures available for Gangai Amman Koil 2nd Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision of Rs 2,200 per sq.ft aligns with the median guideline value for the village, which ranges from Rs 1,000 to Rs 8,800 per sq.ft. This indicates that the current value is consistent with the overall pricing in Sholinganallur - 1.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value. The values range from Rs 1,000 to Rs 8,800 per sq.ft, with the median being Rs 2,200 per sq.ft. Gangai Amman Koil 2nd Street's guideline value is equal to this median.

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

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

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

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

The Sub Registrar Office that covers Gangai Amman Koil 2nd Street is 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 Sholinganallur - 1

The guideline value is a crucial factor in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum price at which a property can be registered.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements during the transaction.

Frequently asked questions

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

The current guideline value of Gangai Amman Koil 2nd Street 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 changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the stamp duty for property in Gangai Amman Koil 2nd Street?

The stamp duty for property in Gangai Amman Koil 2nd Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where can I find the Sub Registrar Office for Gangai Amman Koil 2nd Street?

The Sub Registrar Office for Gangai Amman Koil 2nd Street 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 guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which assesses various factors including property types and locations. It serves as a reference for property transactions in the area.