Guideline Value for GANGAIAMMA BATTYER STREET

Gangaiamma Battyer Street guideline value

The current guideline value of Gangaiamma Battyer 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 Street has changed

The guideline value of Gangaiamma Battyer Street has undergone several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023 before reaching the current value of Rs 2,700 per sq.ft in 2024.

Between these revisions, notable changes include a 285% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023, and an 8% rise from 2023 to 2024. It is important to note that the register has no 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 in this area is Rs 5,500 per sq.ft, placing Gangaiamma Battyer Street's 2024 figure below that median.

• Gangaiamma Battyer 3rd Street: Rs 2,700 per sq.ft (2024)
• Gangaiamma Battyer 2nd Street: Rs 2,700 per sq.ft (2024)
• Gangaiamma Battyer 1st 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost together to Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gangaiamma Battyer Street?

The Sub Registrar Office that covers Gangaiamma Battyer 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 minimum value of a property for registration purposes, ensuring that the property is not undervalued during the transaction.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Gangaiamma Battyer Street?

The current guideline value of Gangaiamma Battyer 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 from Rs 650 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 315% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, which is higher than the current value of Gangaiamma Battyer Street.

What are the stamp duty and registration fees for properties in Gangaiamma Battyer Street?

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 for Gangaiamma Battyer Street located?

The Sub Registrar Office for Gangaiamma Battyer Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.