Guideline Value for GOWRI AMMAN KOIL STREET

Gowri Amman Koil Street guideline value

The current guideline value of Gowri Amman Koil 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 Street has changed

The guideline value for Gowri Amman Koil Street has seen several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 84 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2007, and then further rose to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The latest revisions show an increase to Rs 1,500 per sq.ft in 2023, and finally to the current value of Rs 1,700 per sq.ft in 2024.

Between these revisions, notable changes include a dramatic increase of 495% from 2003 to 2007, followed by a 200% increase from 2007 to 2012. There was a decrease of 33% from 2012 to 2017, but a significant increase of 49% occurred from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 13% increase. The register has no figure for this street in 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, placing Gowri Amman Koil Street's current value below that median.

• GOWRI AMMAN KOIL 6th STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 5th STREET: Rs 1,700 per sq.ft (2024)
• Gowri Ammn Koil Street (Near Ecr): Rs 3,300 per sq.ft (2024)
• GOWRI AMMAN KOIL 4th STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 3rd STREET: Rs 1,700 per sq.ft (2024)
• GOWRI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gowri Amman Koil 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 important to 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Gowri Amman Koil Street?

The Gowri Amman Koil Street falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Gowri Amman Koil Street?

The current guideline value of Gowri Amman Koil 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 significantly from Rs 84 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting a total increase of 1924% over the years.

What are the other streets in Enjambakkam with similar guideline values?

Other streets in Enjambakkam with similar guideline values include GOWRI AMMAN KOIL 6th STREET, GOWRI AMMAN KOIL 5th STREET, GOWRI AMMAN KOIL 4th STREET, GOWRI AMMAN KOIL 3rd STREET, and GOWRI AMMAN KOIL 2nd STREET, all valued at Rs 1,700 per sq.ft in 2024.

What is the registration fee for properties in Gowri Amman Koil Street?

The registration fee for properties is calculated at 2% of the guideline value. For example, a property valued at Rs 17,00,000 would incur a registration fee of Rs 34,000.

Where can I find the Sub Registrar Office for Gowri Amman Koil Street?

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