Guideline Value for GENGAIYAMMAN KOVI STREET

Gengaiyamman Kovi Street guideline value

The current guideline value of Gengaiyamman Kovi Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Gengaiyamman Kovi Street has changed

The guideline value for Gengaiyamman Kovi Street has remained stable at Rs 350 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. Prior to that, the 2017 revision recorded a guideline value of Rs 234 per sq.ft, which reflects a significant increase of +50% to the current value. The register has no figures for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2023 revision, the guideline value increased by +50%, bringing it to Rs 350 per sq.ft. Overall, from 2017 to 2024, the increase in guideline value is also +50%, indicating a consistent valuation for this street over the recent years.

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 for these streets is Rs 101 per sq.ft, placing Gengaiyamman Kovi Street's value above this median.

• Gengaiyamman Koil Street: Rs 102 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 Kovi Street

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gengaiyamman Kovi Street?

The Sub Registrar Office that covers Gengaiyamman Kovi Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Cheyyur - A, as it determines the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When registering a property, the guideline value serves as a benchmark for assessing the transaction value. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Gengaiyamman Kovi Street?

The current guideline value of Gengaiyamman Kovi Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 350 per sq.ft from 2023 to 2024. It increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, reflecting a +50% change over that period.

What is the land classification of Gengaiyamman Kovi Street?

Gengaiyamman Kovi Street is classified as Residential Special Type - III, indicating its use for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 3,50,000, the total fees would amount to Rs 31,500.

Where is the Sub Registrar Office for Gengaiyamman Kovi Street located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles all registrations for properties in the area.