Guideline Value for Gangadhran street

Gangadhran street guideline value

The current guideline value of Gangadhran street is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Kovur village under the Kunrathur SRO and falls under the Mixed Type - III land classification.

How the guideline value of Gangadhran street has changed

According to the guideline value register, there are no figures available for Gangadhran street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 2,300 per sq.ft.

There have been no changes in the guideline value for Gangadhran street between the revisions listed above. The 2024 figure is the only available value for this street in the register.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Gangadhran street's 2024 figure above this median.

• Eswaran Nagar Annex: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar: Rs 1,320 per sq.ft (2024)
• Guru Mahendra Nagar: Rs 2,800 per sq.ft (2024)
• East Madaveethi: Rs 1,320 per sq.ft (2024)
• Indira Nagar: Rs 1,650 per sq.ft (2024)
• Dharmaraja koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadhran street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, resulting in a total cost of Rs 2,07,000. 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 information.

Which Sub Registrar Office covers Gangadhran street?

The Sub Registrar Office that covers Gangadhran street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

When buying or selling property in Kovur, the guideline value serves as a benchmark for determining the minimum value at which a property can be registered. It is essential for calculating the stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

The guideline value is updated periodically, and it reflects the prevailing rates in the area, ensuring that the registration process aligns with current market conditions. Buyers and sellers should be aware of these values to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Gangadhran street?

The current guideline value of Gangadhran street is Rs 2,300 per sq.ft, effective from 1 July 2024.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revision for Gangadhran street taking place in 2024. Previous revisions have occurred in 2002, 2003, 2007, 2012, 2017, and 2023, but there were no figures available for those years.

What is the land classification for Gangadhran street?

Gangadhran street is classified as Mixed Type - III, which indicates the type of land use permitted in the area.

Where can I find the registration office for Gangadhran street?

The registration office for Gangadhran street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kovur?

Stamp duty for properties in Kovur is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.