Guideline Value for GANGAIYAMMAN NAGAR

Gangaiyamman Nagar guideline value

The current guideline value of Gangaiyamman Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Edayanchavadi village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gangaiyamman Nagar has changed

The guideline value for Gangaiyamman Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has the guideline value at Rs 1,001 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a notable increase of 199%, and the overall change from 2017 to 2024 also reflects a 199% increase. The guideline value remained stable between the 2023 and 2024 revisions, showing a change of +0%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with the median value being Rs 1,001 per sq.ft. Gangaiyamman Nagar's 2024 figure aligns with this median.

• Green Garden: Rs 1,000 per sq.ft (2024)
• Kanaga Durga Nagar: Rs 1,001 per sq.ft (2024)
• Bazar Street: Rs 1,002 per sq.ft (2024)
• A.V.M. Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmikathammal Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gangaiyamman Nagar?

The Sub Registrar Office that covers Gangaiyamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Edayanchavadi. It serves as a benchmark for calculating the stamp duty and registration fees that buyers need to pay during the registration process.

When buying or selling property, the guideline value ensures that the transaction is documented at a consistent value, which helps maintain transparency in property dealings. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Gangaiyamman Nagar?

The current guideline value of Gangaiyamman Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,001 per sq.ft in 2024, reflecting a total increase of 199% from 2017 to 2024.

What are the stamp duty and registration fees for property in Gangaiyamman Nagar?

For a property valued at Rs 10,01,000, the stamp duty is Rs 70,070, and the registration fee is Rs 20,020, totaling Rs 90,090. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Gangaiyamman Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for Gangaiyamman Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the classification of land in Gangaiyamman Nagar?

The land classification for Gangaiyamman Nagar is Residential Class I Type - I, indicating its suitability for residential purposes.