Guideline Value for GANGATHEESWARAR KOIL STREET

Gangatheeswarar Koil Street guideline value

The current guideline value of Gangatheeswarar Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of Gangatheeswarar Koil Street has changed

In the 2007 revision, the guideline value was set at Rs 150 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,300 per sq.ft, marking an increase of 767%. However, in the 2017 revision, the value dropped to Rs 871 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 1,300 per sq.ft in both the 2023 and 2024 revisions, with no change between these two years.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making the guideline value of Gangatheeswarar Koil Street above this median.

• GANGAIAMMAN KOIL STREET(a)BHARTHASARATHY 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)
• Indhira Gandhi Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Gangatheeswarar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 details.

Which Sub Registrar Office covers Gangatheeswarar Koil Street?

The Gangatheeswarar Koil 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Vengathur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value serves as a benchmark for valuation. The registration office uses this value to assess the applicable duties, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gangatheeswarar Koil Street?

The current guideline value of Gangatheeswarar Koil 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 seen several revisions, with the most recent being Rs 1,300 per sq.ft in both 2023 and 2024. The value has increased significantly from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, reflecting a 767% increase overall by 2024.

What is the land classification of Gangatheeswarar Koil Street?

Gangatheeswarar Koil Street is classified as Commercial Class I Type - III. This classification can influence the guideline value and property usage regulations.

Where can I find the registration office for Gangatheeswarar Koil Street?

The registration office for Gangatheeswarar Koil Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is stamp duty calculated for properties in Vengathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be calculated at 7% of that value.