Guideline Value for GANGAI AMMAN KOIL STREET

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street in Enjambakkam village under the Neelankarai SRO is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Gangai Amman Koil Street has changed

The guideline value for Gangai Amman Koil Street has seen several revisions over the years. The earliest recorded value was Rs 84 per sq.ft in 2003. This increased significantly to Rs 500 per sq.ft in 2007, marking a change of +495%. In 2012, the value rose to Rs 2,000 per sq.ft, reflecting a substantial increase of +300%. However, the value then dropped to Rs 1,340 per sq.ft in 2017, a decrease of -33%. The 2023 revision set the value at Rs 2,000 per sq.ft, before the current figure of Rs 2,200 per sq.ft was established in 2024, representing an increase of +10%.

It is important to note that the register has no figure for Gangai Amman Koil Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by +2519%.

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 guideline value for Gangai Amman Koil Street.

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

Stamp duty and registration fee for property in Gangai Amman Koil 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 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Amman Koil Street?

The Sub Registrar Office that covers Gangai Amman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is documented accurately and in accordance with the prevailing regulations.

When a property is sold, the buyer and seller must refer to the guideline value to ascertain the appropriate fees. This value serves as a benchmark for calculating the costs associated with the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Gangai Amman Koil 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 has increased from Rs 84 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +2519% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Gangai Amman Koil Street?

The Neelankarai Sub Registrar Office handles property registrations for Gangai Amman Koil Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What other streets in Enjambakkam have the same guideline value?

Other streets in Enjambakkam with the same guideline value of Rs 2,200 per sq.ft include Gangai Amman Koil Street (Near Meenavar Kuppam), Gangai Amman Koil Street (Near Shalimar Garden), Gangai Amman Koil Road (Kuppam Road), and Gangai Amman Koil Cross Street.