Guideline Value for GANGAI AMMAN KOIL 2nd STREET

GANGAI AMMAN KOIL 2nd STREET guideline value

The current guideline value of GANGAI AMMAN KOIL 2nd STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of GANGAI AMMAN KOIL 2nd STREET has changed

The guideline value for GANGAI AMMAN KOIL 2nd STREET has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, marking a rise of 49%. The latest revision in 2024 has further increased the value to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for GANGAI AMMAN KOIL 2nd STREET in the years 2002, 2003, and 2007. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 10% in the guideline value.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for GANGAI AMMAN KOIL 2nd STREET.

• GANGAI AMMAN KOIL 1st STREET (OMR): Rs 3,300 per sq.ft (2024)
• GANGAI AMMAN KOIL 3rd STREET: Rs 3,300 per sq.ft (2024)
• GANGAI AMMAN KOIL 4th STREET: Rs 3,300 per sq.ft (2024)
• GANGAI AMMAN KOIL 10th STREET (OMR): Rs 3,300 per sq.ft (2024)
• GANGAI AMMAN KOIL 5th STREET: Rs 3,300 per sq.ft (2024)
• GANGAI AMMAN KOIL 6th STREET (OMR): Rs 3,300 per sq.ft (2024)

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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to 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 precise calculations based on your property details.

Which Sub Registrar Office covers GANGAI AMMAN KOIL 2nd STREET?

The GANGAI AMMAN KOIL 2nd STREET falls under the jurisdiction of 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 Okkiyamthuraipakkam

The guideline value is a crucial factor during the registration process of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for GANGAI AMMAN KOIL 2nd STREET?

The current guideline value for GANGAI AMMAN KOIL 2nd STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, a 10% increase. It was Rs 2,010 per sq.ft in 2017, which was a 49% increase from Rs 3,000 per sq.ft in 2012.

What is the land classification for GANGAI AMMAN KOIL 2nd STREET?

GANGAI AMMAN KOIL 2nd STREET is classified as Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in GANGAI AMMAN KOIL 2nd STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the stamp duty would be Rs 2,31,000.