Guideline Value for GOWRI AMMN KOIL STREET (NEAR ECR)

Gowri Ammn Koil Street (Near Ecr) guideline value

The current guideline value of Gowri Ammn Koil Street (Near Ecr) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of Gowri Ammn Koil Street (Near Ecr) has changed

The guideline value for Gowri Ammn Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then rose again to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value in this area is Rs 2,200 per sq.ft, making the current value of Gowri Ammn Koil Street (Near Ecr) above this median.

• Gowri Amman Koil Street: Rs 1,700 per sq.ft (2024)
• 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 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 Ammn Koil Street (Near Ecr)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gowri Ammn Koil Street (Near Ecr)?

The Sub Registrar Office that covers Gowri Ammn Koil Street (Near Ecr) is 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 information.

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

The guideline value is a critical factor when registering property transactions in Enjambakkam. It serves as a benchmark for the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

The current guideline value of Gowri Ammn Koil Street (Near Ecr) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of 10% from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. From 2012 to 2017, the value decreased from Rs 3,000 to Rs 2,010, before rising again in subsequent years.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft. The guideline value of Gowri Ammn Koil Street is above this median.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees amount to Rs 2,97,000.

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

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