Guideline Value for Gangadharan Thottam

Gangadharan Thottam guideline value

The current guideline value of Gangadharan Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Gangadharan Thottam has changed

The guideline value for Gangadharan Thottam has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, which is a further increase of 13% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 69%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO carrying a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Gangadharan Thottam is below this median.

• Gangaiamman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadharan Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees 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 detailed calculations.

Which Sub Registrar Office covers Gangadharan Thottam?

The Sub Registrar Office that covers Gangadharan Thottam 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 Sholinganallur - 1

The guideline value is an important factor in the registration process for property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Gangadharan Thottam?

The current guideline value of Gangadharan Thottam 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 69% over this period.

What is the stamp duty rate for properties in Gangadharan Thottam?

The stamp duty rate for properties in Gangadharan Thottam is 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

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

What are the other streets in Sholinganallur - 1 with guideline values?

Other streets in Sholinganallur - 1 include Gangaiamman Koil 1st Cross Street, Gangai Amman Koil 1st Street, Gangaiamman Koil 2nd Cross Street, Gangai Amman Koil 2nd Street, Gangaiamman Koil 3rd Cross Street, and Gangai Amman Koil Cross Street, all with a guideline value of Rs 2,200 per sq.ft for 2024.