Guideline Value for GENGAIYAMMAN KOIL STREET

Gengaiyamman Koil Street guideline value

The current guideline value of Gengaiyamman Koil Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur under the Cheyyur SRO, classified as Residential Class III Type - I.

How the guideline value of Gengaiyamman Koil Street has changed

In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw a further increase to Rs 102 per sq.ft, which is a 2% rise from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Gengaiyamman Koil Street. Overall, from 2017 to 2024, the guideline value has increased by 52%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 101 per sq.ft, placing Gengaiyamman Koil Street's 2024 figure above that median.

• Gengaiyamman Kovi Street: Rs 350 per sq.ft (2024)
• Govt.Hospital: Rs 350 per sq.ft (2024)
• Eswaran Koil Street: Rs 400 per sq.ft (2024)
• Devarajapuram Street: Rs 101 per sq.ft (2024)
• Devarajapuram Salai: Rs 101 per sq.ft (2024)
• Chinna Errikarai Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Gengaiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total to Rs 9,180. 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 Gengaiyamman Koil Street?

The Gengaiyamman Koil Street falls under the jurisdiction of the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a critical factor in the registration process of property transactions in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gengaiyamman Koil Street?

The current guideline value of Gengaiyamman Koil Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 102 per sq.ft in 2024, marking a total increase of 52% over this period.

What are the other streets in Cheyyur - A with their guideline values?

Other streets in Cheyyur - A include Gengaiyamman Kovi Street at Rs 350 per sq.ft, Govt.Hospital at Rs 350 per sq.ft, Eswaran Koil Street at Rs 400 per sq.ft, and several streets at Rs 101 per sq.ft.

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

The registration office for Gengaiyamman Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gengaiyamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,02,000, the stamp duty at 7% would be Rs 7,140.