Guideline Value for GANGAI AMMAN KOIL STREET

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO, and the land classification is Mixed Type - II.

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. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced by 33% to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 2,500 per sq.ft in the 2023 revision, and it has now risen by 8% to Rs 2,700 per sq.ft in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Vengaivasal

In Vengaivasal village, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which matches the current guideline value for Gangai Amman Koil Street.

• Garden Homes: Rs 2,700 per sq.ft (2024)
• Gayathri Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• G.D Nagar: Rs 2,750 per sq.ft (2024)
• Gandhi Nagar Extension: Rs 2,700 per sq.ft (2024)
• Glory Nagar: Rs 2,400 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please 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 Street?

The Sub Registrar Office that covers Gangai Amman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the agreed sale price or the guideline value, whichever is higher. This process is essential for maintaining transparency in property transactions.

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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the median guideline value in Vengaivasal?

The median guideline value for the 117 streets in Vengaivasal is Rs 2,700 per sq.ft, which is the same as the current value for Gangai Amman Koil Street.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

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

The Selaiyur Sub Registrar Office covers Gangai Amman Koil Street and is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.