Guideline Value for Ganga Kaveri Street SRVS

Ganga Kaveri Street SRVS guideline value

The current guideline value of Ganga Kaveri Street SRVS is Rs 2,750 per sq.ft. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ganga Kaveri Street SRVS has changed

The guideline value register for Ganga Kaveri Street SRVS shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, where the guideline value is set at Rs 2,750 per sq.ft.

In the 2024 revision, Ganga Kaveri Street SRVS's guideline value aligns with the median value of Rs 2,750 per sq.ft for the village. There have been no changes between the revisions for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. Ganga Kaveri Street SRVS's value matches the median of Rs 2,750 per sq.ft.

• Gangai Kavery Street: Rs 1,650 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Ganesh Nagar/Ramamurthy Nagar: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar Cross Street: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar 9th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Kaveri Street SRVS

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Kaveri Street SRVS?

The Sub Registrar Office that covers Ganga Kaveri Street SRVS is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process for property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the transaction is fairly assessed for tax purposes.

Frequently asked questions

What is the current guideline value of Ganga Kaveri Street SRVS?

The current guideline value of Ganga Kaveri Street SRVS is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Ganga Kaveri Street SRVS for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recent revision is from 2024, where the guideline value is Rs 2,750 per sq.ft.

What is the land classification for Ganga Kaveri Street SRVS?

The land classification for Ganga Kaveri Street SRVS is Residential Class I Type - III, indicating its designation for residential use.

Where can I find the registration office for Ganga Kaveri Street SRVS?

The registration office for Ganga Kaveri Street SRVS is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Ganga Kaveri Street SRVS?

Stamp duty for properties in Ganga Kaveri Street SRVS is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.