Guideline Value for GANGAIAMMAN KOIL STREET (WARD -17)

Gangaiamman Koil Street (Ward -17) guideline value

The current guideline value of Gangaiamman Koil Street (Ward -17) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Gangaiamman Koil Street (Ward -17) has changed

The guideline value for Gangaiamman Koil Street has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which remained the same in the 2012 revision. However, in 2017, it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose to Rs 661 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was notable at 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Gangaiamman Koil Street's 2024 figure below that median.

• Ganesh Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Ganpathypuram (Sa): Rs 990 per sq.ft (2024)
• Ganthy Nagar (Pa): Rs 550 per sq.ft (2024)
• Gandhi Nagar 7th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 6th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 5th Street (Ward -3): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiamman Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current rate of Rs 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Gangaiamman Koil Street (Ward -17)?

The Sub Registrar Office that covers Gangaiamman Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale, ensuring that the government receives the appropriate revenue from property transactions.

When buyers and sellers agree on a sale price, the higher value between the sale price and the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is compliant with local regulations and reflects the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street (Ward -17) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the median guideline value in Peramanoor?

The median guideline value in Peramanoor village is Rs 1,100 per sq.ft, with Gangaiamman Koil Street's value being below this median.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270, and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office handles property registrations for Gangaiamman Koil Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Gangaiamman Koil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.