Guideline Value for GANGAI NAGAR ANNAMALAIYAR STREET

Gangai Nagar Annamalaiyar Street guideline value

The current guideline value of Gangai Nagar Annamalaiyar Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Gangai Nagar Annamalaiyar Street has changed

The guideline value for Gangai Nagar Annamalaiyar Street has seen changes over the years. In the 2012 revision, the guideline value was Rs 2,300 per sq.ft. The latest revision in 2024 has increased this to Rs 2,500 per sq.ft, marking a change of +9% from the 2012 figure.

There are no figures available for this street in the 2023, 2017, 2007, 2003, and 2002 revisions, indicating that the guideline value remained unchanged during those years.

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 means that the guideline value of Gangai Nagar Annamalaiyar Street aligns with the median for the area.

• Gangai Nagar Annai Therea Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Anna Street: Rs 2,500 per sq.ft (2024)
• GANGAI NAGAR (All Inner Side Streets): Rs 2,500 per sq.ft (2024)
• Gangai Nagar Aringar Anna Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Athiyamn Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Bharathi Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Nagar Annamalaiyar Street

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, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gangai Nagar Annamalaiyar Street?

The Gangai Nagar Annamalaiyar Street is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value will be referenced to ensure that the correct fees are calculated, and it is essential to be aware of these values to avoid any discrepancies at the time of registration.

Frequently asked questions

What is the current guideline value of Gangai Nagar Annamalaiyar Street?

The current guideline value of Gangai Nagar Annamalaiyar Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 2,300 per sq.ft to Rs 2,500 per sq.ft in 2024, which is a change of +9%.

Are there any revisions without figures for this street?

Yes, there are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for Gangai Nagar Annamalaiyar Street.

What is the registration office for this area?

The Villivakkam Sub Registrar Office covers Gangai Nagar Annamalaiyar Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 2,25,000, including stamp duty and registration fees.