Guideline Value for GOWRI AMMAN KOIL 5th STREET

GOWRI AMMAN KOIL 5th STREET guideline value

The current guideline value of GOWRI AMMAN KOIL 5th STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of GOWRI AMMAN KOIL 5th STREET has changed

The guideline value for GOWRI AMMAN KOIL 5th STREET has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, this value decreased by 33% to Rs 1,005 per sq.ft in 2017. The value then rose sharply to Rs 1,500 per sq.ft in 2023, before reaching the current rate of Rs 1,700 per sq.ft in 2024, representing a 13% increase.

Overall, from 2007 to 2024, the guideline value has increased by 240%. It is important to note that the register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Enjambakkam

In Enjambakkam, the guideline values vary significantly, with 253 streets under the Neelankarai SRO carrying values from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, placing GOWRI AMMAN KOIL 5th STREET below this median at Rs 1,700 per sq.ft.

• GOWRI AMMAN KOIL 4th STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 6th STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 3rd STREET: Rs 1,700 per sq.ft (2024)
• Gowri Amman Koil Street: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 1st STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in GOWRI AMMAN KOIL 5th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers GOWRI AMMAN KOIL 5th STREET?

The GOWRI AMMAN KOIL 5th STREET falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property, thus maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of GOWRI AMMAN KOIL 5th STREET?

The current guideline value of GOWRI AMMAN KOIL 5th STREET is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 240% over the years.

What is the land classification for GOWRI AMMAN KOIL 5th STREET?

GOWRI AMMAN KOIL 5th STREET is classified as Residential Class IV Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in GOWRI AMMAN KOIL 5th STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher, and is typically set at 7% of the guideline value.