Guideline Value for GENGAI AMMAN KOIL STREET

Gengai Amman Koil Street guideline value

The current guideline value of Gengai Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Gengai Amman Koil Street has changed

The guideline value for Gengai Amman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The next revision in 2023 raised the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 1,650 per sq.ft, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for Gengai Amman Koil Street in the 2002, 2003, and 2007 revisions.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. Gengai Amman Koil Street's 2024 figure is below this median.

• Ganthi Nagar: Rs 1,900 per sq.ft (2024)
• Ganesh Nagar: Rs 3,300 per sq.ft (2024)
• Felixa Ragio: Rs 3,000 per sq.ft (2024)
• Elite City: Rs 2,350 per sq.ft (2024)
• Elite Acres: Rs 2,700 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gengai Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gengai Amman Koil Street?

The Gengai Amman Koil Street falls under the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Arasankalani. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Gengai Amman Koil Street?

The current guideline value of Gengai Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Gengai Amman Koil Street has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting various increases and one decrease in the interim revisions.

What is the median guideline value in Arasankalani?

The median guideline value in Arasankalani is Rs 2,100 per sq.ft, which is higher than the current guideline value of Gengai Amman Koil Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information through the provided link.