Guideline Value for GANGAI AMMAN KOIL STREETS (KALLIKUPPAM)

Gangai Amman Koil Streets (Kallikuppam) guideline value

The current guideline value of Gangai Amman Koil Streets (Kallikuppam) is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam Sub Registrar Office, and is classified as Residential Class II Type - III.

How the guideline value of Gangai Amman Koil Streets (Kallikuppam) has changed

The guideline value for Gangai Amman Koil Streets (Kallikuppam) has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft. The most recent revision in 2024 increased this to Rs 2,500 per sq.ft, marking a change of +9% from the previous figure.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only figures recorded are from the 2012 and 2024 revisions.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value is Rs 2,500 per sq.ft, which is equal to the 2024 figure for Gangai Amman Koil Streets (Kallikuppam).

• Gangai Amman Koil Street (Korattur): Rs 1,600 per sq.ft (2024)
• Gangaiamman Nagar: Rs 2,500 per sq.ft (2024)
• GANGAI NAGAR (All Inner Side Streets): Rs 2,500 per sq.ft (2024)
• Gangai Nagar Annai Therea Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Annamalaiyar Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Anna Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Amman Koil Streets (Kallikuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, while the registration fee at 2% would be Rs 50,000, making the total Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Amman Koil Streets (Kallikuppam)?

The Gangai Amman Koil Streets (Kallikuppam) are covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Korattur

When buying or selling property in Korattur, the guideline value plays a crucial role during the registration process. 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.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value is regularly updated by the Registration Department to reflect the current market conditions.

Frequently asked questions

What is the current guideline value of Gangai Amman Koil Streets (Kallikuppam)?

The current guideline value of Gangai Amman Koil Streets (Kallikuppam) is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2024, which is an increase of +9%. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Gangai Amman Koil Streets (Kallikuppam)?

The land classification for Gangai Amman Koil Streets (Kallikuppam) is Residential Class II Type - III, indicating its suitability for residential development.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.

How is the stamp duty calculated for property transactions in Korattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 25,00,000, the stamp duty at 7% would be Rs 1,75,000.