Guideline Value for GANGAIAMMAN KOIL STREET

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil 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, classified as Residential Class III Type - I.

How the guideline value of Gangaiamman Koil Street has changed

The guideline value for Gangaiamman Koil Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thelliyaragaram

In Thelliyaragaram, 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 guideline value for these streets is Rs 1,210 per sq.ft, placing Gangaiamman Koil Street's 2024 figure below that median.

• Gangaiamman Koil Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is 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 to Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gangaiamman Koil Street?

The Sub Registrar Office that covers Gangaiamman Koil 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 details.

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

The guideline value is a crucial factor in property transactions in Thelliyaragaram, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the stamp duty rate for properties in Gangaiamman Koil Street?

The stamp duty rate for properties in Gangaiamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gangaiamman Koil Street?

The Sub Registrar Office for Gangaiamman Koil Street 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 Street?

Gangaiamman Koil Street is classified as Residential Class III Type - I under the Chennai South Joint I SRO.