Guideline Value for GANGAI YAMMAN KOIL STREET

Gangai Yamman Koil Street guideline value

The current guideline value of Gangai Yamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village and falls under the Pallipattu SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gangai Yamman Koil Street has changed

The guideline value for Gangai Yamman Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 250 per sq.ft. The most recent revision in 2024 also set the value at Rs 250 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Gangai Yamman Koil Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current value of Gangai Yamman Koil Street.

• G.N. Nagar: Rs 300 per sq.ft (2024)
• Harisana Colony First Street: Rs 202 per sq.ft (2024)
• Harisanacolonysecond Street: Rs 202 per sq.ft (2024)
• E.S.T. Nagar 3 Rd Street: Rs 300 per sq.ft (2024)
• E.S.T. Nagar 2 Nd Street: Rs 300 per sq.ft (2024)
• E.S.T. Nagar 1 St Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Yamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Yamman Koil Street?

The Sub Registrar Office that covers Gangai Yamman Koil Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Podaturpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Gangai Yamman Koil Street?

The current guideline value of Gangai Yamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both the 2023 and 2024 revisions, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Gangai Yamman Koil Street?

The land classification for Gangai Yamman Koil Street is Residential Class I Type - I.

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

The Sub Registrar Office for Gangai Yamman Koil Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at a rate of 7%.