Guideline Value for GANGAI AMMAN KOIL MAIN STREET

Gangai Amman Koil Main Street guideline value

The current guideline value of Gangai Amman Koil Main 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 it falls under the Residential Class II Type - III land classification.

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

The guideline value register shows that there are no figures for Gangai Amman Koil Main Street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft. This figure increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

As of the 2024 revision, the guideline value for Gangai Amman Koil Main Street is aligned with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO. The previous revision in 2023 recorded a value of Rs 2,000 per sq.ft, marking a significant increase in the latest revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Gangai Amman Koil Main Street's 2024 guideline value is equal to this median. Here are the guideline values for other streets in Sholinganallur - 1:

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

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

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 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 Main Street?

The Gangai Amman Koil Main 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 in property transactions in Sholinganallur - 1. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold, ensuring that the transaction is registered at a fair value.

When you register a property, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Gangai Amman Koil Main 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 for Gangai Amman Koil Main Street was Rs 2,000 per sq.ft in 2023 and increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

Where can I find the registration office for Gangai Amman Koil Main Street?

The registration office for Gangai Amman Koil Main 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 stamp duty calculated for properties in Gangai Amman Koil Main Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.

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

Gangai Amman Koil Main Street falls under the Residential Class II Type - III land classification, which is important for determining the applicable guidelines and regulations for property transactions in the area.