Guideline Value for GANGAI AMMAN KOIL ROAD (KUPPAM ROAD)

Gangai Amman Koil Road (Kuppam Road) guideline value

The current guideline value of Gangai Amman Koil Road (Kuppam Road) is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gangai Amman Koil Road (Kuppam Road) has changed

The guideline value has undergone several revisions over the years. The 2012 revision recorded a value of Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision set it at Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the jump from 2017 to 2023 saw an increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Gangai Amman Koil Road (Kuppam Road).

• Gangai Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street (Near Meenavar Kuppam): Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street (Near Shalimar Garden): Rs 2,200 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Gem Granites Road (Know As Chinnadi): Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Amman Koil Road (Kuppam Road)

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, while the registration fee at 2% would be Rs 44,000, totaling 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Amman Koil Road (Kuppam Road)?

The Sub Registrar Office that covers Gangai Amman Koil Road (Kuppam Road) 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 Enjambakkam

The guideline value is a crucial factor in property transactions in Enjambakkam. It serves as a benchmark for calculating stamp duty and registration fees during the registration of property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their transactions.

When a property is bought or sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the current market standards.

Frequently asked questions

What is the current guideline value of Gangai Amman Koil Road (Kuppam Road)?

The current guideline value of Gangai Amman Koil Road (Kuppam Road) 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 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Gangai Amman Koil Road (Kuppam Road)?

The land classification for Gangai Amman Koil Road (Kuppam Road) is Residential Class III Type - I.

Where is the Neelankarai Sub Registrar Office located?

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 Road (Kuppam Road)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft would incur a total guideline value of Rs 22,00,000, with stamp duty and registration fees calculated accordingly.