Guideline Value for GANGAI AMMAN KOIL STREET

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - III.

How the guideline value of Gangai Amman Koil Street has changed

The guideline value for Gangai Amman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 1,163 per sq.ft, which increased to Rs 1,291 per sq.ft in 2003, marking an increase of 11%. The value then saw a significant rise to Rs 4,000 per sq.ft in 2012, which was a 210% increase from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33% from 2012.

From 2017, the guideline value rose dramatically to Rs 4,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. The register has no figure for this street in 2007.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft as of 2024. The median value for these streets is Rs 11,000 per sq.ft, placing Gangai Amman Koil Street's 2024 figure below that median.

• Gankaikaraipuram: Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 9,900 per sq.ft (2024)
• Giriappa Road: Rs 8,800 per sq.ft (2024)
• Girifith Road/Maharajapuram Santhanam Salai: Rs 9,900 per sq.ft (2024)
• Giri Road: Rs 17,600 per sq.ft (2024)
• Gandhipuram Ist Street: Rs 4,400 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gangai Amman Koil Street?

The Sub Registrar Office that covers Gangai Amman Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tnagar. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased. Buyers and sellers must consider the guideline value to ensure they are compliant with local regulations.

When registering a property, the guideline value helps in establishing a baseline for the transaction. This ensures that the fees are calculated accurately based on the established rates in the area, which can vary from street to street.

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 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,163 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 278% over the years.

What is the land classification for Gangai Amman Koil Street?

Gangai Amman Koil Street is classified as Residential Class III Type - III.

Where can I find the Sub Registrar Office for Gangai Amman Koil Street?

The Sub Registrar Office for Gangai Amman Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Gangai Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.