Guideline Value for GANGANAGAR KALINGER KARUNANETHI STREET

Ganganagar Kalinger Karunanethi Street guideline value

The current guideline value of Ganganagar Kalinger Karunanethi Street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village and falls under the Poonamallee SRO. It is classified as Residential Class I Type - I.

How the guideline value of Ganganagar Kalinger Karunanethi Street has changed

The guideline value for Ganganagar Kalinger Karunanethi Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, this figure saw a significant increase in the 2023 revision, rising to Rs 2,500 per sq.ft, and then further increasing by 10% to Rs 2,740 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, from 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Ganganagar Kalinger Karunanethi Street's 2024 figure above that median.

• Ganganagar Main Street: Rs 2,740 per sq.ft (2024)
• Ganga Nagar M.P.C Street: Rs 2,740 per sq.ft (2024)
• Ganga nagar: Rs 2,740 per sq.ft (2024)
• Gangai nagar: Rs 2,740 per sq.ft (2024)
• Gangaikondaanmandappa veethi: Rs 2,740 per sq.ft (2024)
• Gopalapuram: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ganganagar Kalinger Karunanethi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total charges to Rs 2,46,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganganagar Kalinger Karunanethi Street?

The Sub Registrar Office that covers Ganganagar Kalinger Karunanethi Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial reference point during property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a baseline for calculating the applicable taxes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Ganganagar Kalinger Karunanethi Street?

The current guideline value of Ganganagar Kalinger Karunanethi Street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,740 per sq.ft in 2024.

What is the land classification of Ganganagar Kalinger Karunanethi Street?

Ganganagar Kalinger Karunanethi Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 27,40,000, the stamp duty would be Rs 1,91,800 and the registration fee would be Rs 54,800, totaling Rs 2,46,600. These fees are based on the guideline value.

Which Sub Registrar Office covers this street?

The Poonamallee Sub Registrar Office covers Ganganagar Kalinger Karunanethi Street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.