Guideline Value for GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET

GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET guideline value

The current guideline value of GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET has changed

The guideline value for GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, this figure dropped to Rs 871 per sq.ft in 2017 before rising again to Rs 1,300 per sq.ft in both 2023 and 2024, resulting in a remarkable overall increase of 767% from 2007 to 2024.

Between the revisions, the most notable change occurred from 2007 to 2012, with an increase of 767%. Following that, the value decreased by 33% from 2012 to 2017. From 2017 to 2023, the value increased by 49%, and there was no change from 2023 to 2024.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median value is Rs 1,000 per sq.ft, placing GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET above this median at Rs 1,300 per sq.ft in 2024.

• Gangatheeswarar Koil Street: Rs 1,300 per sq.ft (2024)
• Ganesan Street: Rs 1,300 per sq.ft (2024)
• Gandhi Street (Kabilar Nagar): Rs 800 per sq.ft (2024)
• Gandhi Street: Rs 1,300 per sq.ft (2024)
• Hariharan Street: Rs 500 per sq.ft (2024)
• Elumalai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET?

The GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET falls under the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengathur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is documented accurately.

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

Frequently asked questions

What is the current guideline value of GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET?

The current guideline value of GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024. The most significant change occurred between 2007 and 2012, with a 767% increase.

What is the land classification of GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET?

The land classification of GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET is Commercial Class I Type - III.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY STREET is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

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

For a property valued at Rs 1,300 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 13,00,000. The stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.