Guideline Value for GANGAI AMMAN KOIL CROSS STREET

Gangai Amman Koil Cross Street guideline value

The current guideline value of Gangai Amman Koil Cross Street is Rs 2,200 per sq.ft. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Gangai Amman Koil Cross Street has changed

According to the guideline value register, there are no figures for Gangai Amman Koil Cross 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 was then increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase.

The 2024 revision is the most recent and reflects the current market conditions. The guideline value has now reached Rs 2,200 per sq.ft, which aligns with the median value for other streets in the Sholinganallur - 1 village.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, making Gangai Amman Koil Cross Street's 2024 figure equal to this median.

• Gangai Amman Koil Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Main Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Main Street Extension: Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Amman Koil Cross 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, making the total cost for these fees Rs 1,98,000. 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 Cross Street?

The Gangai Amman Koil Cross Street is covered by 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 plays a crucial role during the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be settled at the time of registration.

Frequently asked questions

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

The current guideline value of Gangai Amman Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Gangai Amman Koil Cross Street?

The land classification for Gangai Amman Koil Cross Street is Residential Class II Type - III.

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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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.