Guideline Value for GANGAIAMMA BATTYER 1ST STREET

Gangaiamma Battyer 1st Street guideline value

The current guideline value of Gangaiamma Battyer 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - III.

How the guideline value of Gangaiamma Battyer 1st Street has changed

The guideline value for Gangaiamma Battyer 1st Street has undergone several revisions over the years. In 2007, the value was set at Rs 650 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,700 per sq.ft in 2024, marking an 8% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 315%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, placing Gangaiamma Battyer 1st Street's 2024 figure below this median.

• Gangaiamma Battyer 2nd Street: Rs 2,700 per sq.ft (2024)
• Gangaiamma Battyer 3rd Street: Rs 2,700 per sq.ft (2024)
• Gangaiamma Battyer Street: Rs 2,700 per sq.ft (2024)
• Gangadeeshwarar Koil Street: Rs 8,800 per sq.ft (2024)
• Gangadeeshwarar Koil Avenue: Rs 7,100 per sq.ft (2024)
• Gangadeeshwarar Koil 4th Lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiamma Battyer 1st 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangaiamma Battyer 1st Street?

The Sub Registrar Office that covers Gangaiamma Battyer 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of the financial implications involved. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Gangaiamma Battyer 1st Street?

The current guideline value of Gangaiamma Battyer 1st 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 significantly from Rs 650 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 315% over this period.

What is the land classification for Gangaiamma Battyer 1st Street?

Gangaiamma Battyer 1st Street is classified as Residential Class V Type - III.

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 is the Sub Registrar Office located for this street?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Gangaiamma Battyer 1st Street.