Guideline Value for GENGALAMMAN KOIL ST

Gengalamman Koil St guideline value

The current guideline value of Gengalamman Koil St is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class III Type - III.

How the guideline value of Gengalamman Koil St has changed

The guideline value for Gengalamman Koil St has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 440 per sq.ft, which is a further increase of 10% from the previous year.

There are no recorded figures for Gengalamman Koil St in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Gengalamman Koil St's 2024 figure is below this median.

• Gengureddy Kuppam 1st Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 2nd Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 3rd Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 4th Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 5th Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Ambedkar Street: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Gengalamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that 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 Gengalamman Koil St?

The Gengalamman Koil St falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees payable, ensuring that the fees are based on a standard value set by the government.

When buying or selling property, the guideline value helps in establishing the official value of the property, which can influence the transaction process. Buyers and sellers should be aware of the current guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Gengalamman Koil St?

The current guideline value of Gengalamman Koil St is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. Overall, this marks a 64% increase from 2017 to 2024.

What are the other guideline values in Thiruninravur-B?

In Thiruninravur-B, the guideline values range from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Gengalamman Koil St's value is below this median.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Gengalamman Koil St?

Stamp duty for properties in Gengalamman Koil St is calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 30,800.