Guideline Value for Galaxy Company Salai

Galaxy Company Salai guideline value

The current guideline value of Galaxy Company Salai is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Galaxy Company Salai has changed

The guideline value for Galaxy Company Salai has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 saw the value further increase to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which aligns with the guideline value of Galaxy Company Salai.

• Ettiswarankovil Street Main St: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street 2 St: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street 1 St: Rs 1,100 per sq.ft (2024)
• Ettiswarankovil Street: Rs 1,100 per sq.ft (2024)
• Eswaran Nagar: Rs 1,100 per sq.ft (2024)
• Erular Colony: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Galaxy Company Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Galaxy Company Salai?

The Galaxy Company Salai falls under the jurisdiction of the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial figure used during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling a property.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, which is essential for maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Galaxy Company Salai?

The current guideline value of Galaxy Company Salai is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has risen from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% across the years.

What are the stamp duty and registration fees for properties in Galaxy Company Salai?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000, which includes a stamp duty of Rs 91,000 and a registration fee of Rs 26,000.

Which Sub Registrar Office covers Galaxy Company Salai?

The Konnur Sub Registrar Office covers Galaxy Company Salai, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Galaxy Company Salai?

Galaxy Company Salai is classified as Residential Class II Type - I, indicating its designation for residential use within the Konnur SRO.