Guideline Value for GENGAI AMMAN KOVIL ST

Gengai Amman Kovil St guideline value

The current guideline value of Gengai Amman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Gengai Amman Kovil St has changed

The guideline value for Gengai Amman Kovil St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 502 per sq.ft. Subsequently, the 2023 revision brought it back to Rs 750 per sq.ft, and the same value has been maintained in the 2024 revision, showing no change from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Gengai Amman Kovil St's 2024 figure aligns with this median.

• Gengai Vinayagar Kovil St: Rs 750 per sq.ft (2024)
• Gopal Naidu Santhu Street: Rs 1,200 per sq.ft (2024)
• Gopal Naidu Street: Rs 1,200 per sq.ft (2024)
• Eswaran Koil Street: Rs 750 per sq.ft (2024)
• Indara Nager New Colony: Rs 750 per sq.ft (2024)
• Ehthiralu Naidu Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Gengai Amman Kovil St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gengai Amman Kovil St?

The Gengai Amman Kovil St is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Walajabad. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the fees are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal and financial documentation. It is important to be aware of the current guideline value to avoid discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Gengai Amman Kovil St?

The current guideline value of Gengai Amman Kovil St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft from 2012 to 2024, with a decrease to Rs 502 per sq.ft in 2017. The value increased back to Rs 750 per sq.ft in 2023 and has not changed in the 2024 revision.

What are the stamp duty and registration fees for properties in Gengai Amman Kovil St?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles registrations for Gengai Amman Kovil St?

The Walajabad Sub Registrar Office handles registrations for Gengai Amman Kovil St, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used as a reference for calculating stamp duty and registration fees during property transactions. It ensures that property values are standardized for legal and financial purposes.