Guideline Value for Gandhiamman Koil Street

Gandhiamman Koil Street guideline value

The current guideline value of Gandhiamman Koil Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gandhiamman Koil Street has changed

The guideline value for Gandhiamman Koil Street has undergone several revisions over the years. In 2003, the guideline value was Rs 181 per sq.ft, which increased significantly to Rs 600 per sq.ft by 2007, marking a change of +231%. The value then rose to Rs 2,000 per sq.ft in 2012, an increase of +233%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a change of -33%. The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, which is an increase of +61% from the 2017 figure.

It is important to note that there are no figures available for the years 2023 and 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +1,093%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Gandhiamman Koil Street is below this median.

• Ganashpriyan Avenue: Rs 2,160 per sq.ft (2024)
• Ganapathypuram Extention 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Ganapathipuram Main Road: Rs 3,850 per sq.ft (2024)
• Ganapathi Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, making the total cost for these fees Rs 1,94,400. It is important 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 Gandhiamman Koil Street?

The Sub Registrar Office that covers Gandhiamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gandhiamman Koil Street?

The current guideline value of Gandhiamman Koil Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 181 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of +1,093% over the years.

What is the land classification for Gandhiamman Koil Street?

Gandhiamman Koil Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Gandhiamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Gandhiamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 at a rate of 7%.