Guideline Value for GANGAIAMMAN KOIL STREET (WARD -9)

Gangaiamman Koil Street (Ward -9) guideline value

The current guideline value of Gangaiamman Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gangaiamman Koil Street (Ward -9) has changed

Over the years, the guideline value for Gangaiamman Koil Street has experienced several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and finally rose to Rs 551 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kadampur

In Kadampur village, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 551 per sq.ft, which matches the current guideline value of Gangaiamman Koil Street.

• Golden County (Ward -9): Rs 1,100 per sq.ft (2024)
• Friends Avenue: Rs 737 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• D.V.A.C.Nagar: Rs 550 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiamman Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, making the total fees together Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gangaiamman Koil Street (Ward -9)?

The Sub Registrar Office that covers Gangaiamman Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kadampur, as it determines the minimum price at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the sale.

When a property is sold, the registration office will assess the guideline value to ensure that the transaction reflects the correct amount for taxation purposes. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street (Ward -9)?

The current guideline value of Gangaiamman Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024. The register has no figure for this street in the years 2002, 2003, and 2007.

What is the land classification for Gangaiamman Koil Street?

The land classification for Gangaiamman Koil Street (Ward -9) is Residential Class I Type - I, indicating its suitability for residential development.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur specific fees based on the guideline value of Rs 5,51,000.

Where is the Sub Registrar Office for Gangaiamman Koil Street located?

The Sub Registrar Office covering Gangaiamman Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.