Guideline Value for GANGAI AMMAN KOVIL THERU

Gangai Amman Kovil Theru guideline value

The current guideline value for Gangai Amman Kovil Theru is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Gangai Amman Kovil Theru has changed

The guideline value for Gangai Amman Kovil Theru has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 1,000 per sq.ft. The latest revision in 2024 continues this value at Rs 1,000 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49% as well. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 2,239 per sq.ft. The median value is Rs 802 per sq.ft, placing Gangai Amman Kovil Theru's 2024 figure above this median.

• Gokulam Colony: Rs 700 per sq.ft (2024)
• Golden Avenue: Rs 800 per sq.ft (2024)
• Harsh Nagar: Rs 701 per sq.ft (2024)
• Hindu Avenue: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension -6: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension I & II: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Amman Kovil Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Gangai Amman Kovil Theru?

The Sub Registrar Office that covers Gangai Amman Kovil Theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process of property transactions in Karanaipuducheri. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the costs associated with property registration. This value helps maintain transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value for Gangai Amman Kovil Theru?

The current guideline value for Gangai Amman Kovil Theru is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase over that period.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations in Gangai Amman Kovil Theru?

The Gooduvancheri Sub Registrar Office handles property registrations for Gangai Amman Kovil Theru. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202.

What is the land classification for Gangai Amman Kovil Theru?

Gangai Amman Kovil Theru is classified as Residential Special Type - III, indicating its suitability for residential development.