Guideline Value for GANGAIAMMAN KOIL CROSS STREET

Gangaiamman Koil Cross Street guideline value

The current guideline value of Gangaiamman Koil Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thelliyaragaram village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gangaiamman Koil Cross Street has changed

The guideline value for Gangaiamman Koil Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, in 2017, the value dropped to Rs 670 per sq.ft, before rising to Rs 1,000 per sq.ft again in 2023. The most recent revision in 2024 has increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thelliyaragaram

In Thelliyaragaram village, there are 16 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Gangaiamman Koil Cross Street's 2024 figure below that median.

• Gangaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• G.S.R.Garden: Rs 2,310 per sq.ft (2024)
• Das Avenue: Rs 1,650 per sq.ft (2024)
• Kakanji Street: Rs 1,320 per sq.ft (2024)
• Amman Koil Street Colony: Rs 1,650 per sq.ft (2024)
• Ambethkar Street: Rs 770 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total fees to 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 Cross Street?

The Sub Registrar Office that covers Gangaiamman Koil 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 Thelliyaragaram

The guideline value is a crucial factor in the registration process when buying or selling property in Thelliyaragaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Gangaiamman Koil Cross Street?

The current guideline value for Gangaiamman Koil 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 significantly, with the most recent revision in 2024 showing an increase to Rs 1,100 per sq.ft from Rs 1,000 per sq.ft in 2023. The overall increase from 2007 to 2024 is 633%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Gangaiamman Koil Cross Street?

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

What is the land classification for Gangaiamman Koil Cross Street?

Gangaiamman Koil Cross Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.