Guideline Value for GANGAMMAL KOIL ST

Gangammal Koil St guideline value

The current guideline value of Gangammal Koil St is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gangammal Koil St has changed

The guideline value for Gangammal Koil St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, followed by a further rise to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the revisions over the years.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is equal to the current guideline value of Gangammal Koil St.

• Gangaiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Gandhi St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Gandhi St,Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Gopalapuram Streets: Rs 1,300 per sq.ft (2024)
• Gopalapuram West: Rs 1,300 per sq.ft (2024)
• F.C.I.Road: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Gangammal Koil St

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, resulting in a total of Rs 88,920. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangammal Koil St?

The Sub Registrar Office that covers Gangammal Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thandurai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gangammal Koil St?

The current guideline value of Gangammal Koil St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024. This reflects a significant increase over the years.

What is the land classification for Gangammal Koil St?

Gangammal Koil St is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Gangammal Koil St?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920. These fees are calculated based on the guideline value.

Where is the Sub Registrar Office for Gangammal Koil St located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone, and it covers Gangammal Koil St.