Guideline Value

Corporate

Guideline Value for GANGAIAMMAN KOIL 4TH CROSS STREET

₹1100/sq.ft.

The guideline value for Gangaiamman Koil 4th Cross Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangaiamman Koil 4th Cross Street

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Gangaiamman Koil 4th Cross Street guideline value

The current guideline value of Gangaiamman Koil 4th Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Gangaiamman Koil 4th Cross Street has changed

Over the years, the guideline value of Gangaiamman Koil 4th Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from Rs 670 per sq.ft in the 2017 revision. The value then increased to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 670 per sq.ft to Rs 1,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%, moving from Rs 1,000 per sq.ft in 2012 to the current value of Rs 1,100 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,660 per sq.ft, placing Gangaiamman Koil 4th Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Gangaiamman Koil 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangaiamman Koil 4th Cross Street?

The Sub Registrar Office that covers Gangaiamman Koil 4th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vanagaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil 4th Cross Street?

The current guideline value of Gangaiamman Koil 4th Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024, with a significant increase of 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the other streets in Vanagaram with their guideline values?

Other streets in Vanagaram include Gangaiamman Koil 5th Cross Street and Gangaiamman Koil 3rd Cross Street, both at Rs 1,100 per sq.ft, and Gangaiamman Koil 2nd Street 1st Cross Street and Gangaiamman Koil 2nd Street at Rs 770 per sq.ft.

What is the registration office for Gangaiamman Koil 4th Cross Street?

The registration office for Gangaiamman Koil 4th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Gangaiamman Koil 4th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000, along with a registration fee at 2% amounting to Rs 22,000.