Guideline Value for GANGAI NAGAR KAMBAR STREET

Gangai Nagar Kambar Street guideline value

The current guideline value of Gangai Nagar Kambar 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 Kambar Street has changed

The guideline value has seen several revisions over the years. In 2002, the value was Rs 77 per sq.ft, which increased significantly to Rs 375 per sq.ft in 2007, marking a change of +387%. By 2012, the value remained at Rs 2,300 per sq.ft, and this figure continued unchanged until the 2023 revision. In 2023, the guideline value was Rs 2,300 per sq.ft, and it increased to Rs 2,500 per sq.ft in 2024, reflecting a change of +9%.

It is noteworthy that there are no figures available for the revisions in 2003 and 2017 for Gangai Nagar Kambar Street. Overall, from 2002 to 2024, the guideline value has increased by +3147%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, which is equal to the current guideline value of Gangai Nagar Kambar Street.

• Gangai Nagar Kamaraj Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Kaveri Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Kakkanji Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Kumaran Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Kabilar Street: Rs 2,500 per sq.ft (2024)
• Gangai Nagar Madam Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Nagar Kambar 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, while the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. 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 accurate calculations.

Which Sub Registrar Office covers Gangai Nagar Kambar Street?

The Gangai Nagar Kambar 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 plays a crucial role during property registration in Korattur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the law.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations associated with property transactions. Accurate knowledge of these values can help in better financial planning and compliance with local regulations.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 77 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of +3147%.

What is the stamp duty rate for properties in Gangai Nagar Kambar Street?

The stamp duty rate for properties in Gangai Nagar Kambar Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gangai Nagar Kambar Street?

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

What other streets in Korattur have the same guideline value?

Other streets in Korattur, such as Gangai Nagar Kamaraj Street, Gangai Nagar Kaveri Street, and others, also have a guideline value of Rs 2,500 per sq.ft in 2024.