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Guideline Value

Corporate

Guideline Value for Gangai Amman Koil Periya Street

₹3100/sq.ft.

The guideline value for Gangai Amman Koil Periya Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangai Amman Koil Periya Street

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Gangai Amman Koil Periya Street guideline value

The current guideline value of Gangai Amman Koil Periya Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village under the Chennai South Joint II SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Gangai Amman Koil Periya Street has changed

The guideline value for Gangai Amman Koil Periya Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,800 per sq.ft, which decreased to Rs 1,876 per sq.ft in 2017. However, this figure increased significantly to Rs 2,800 per sq.ft in the 2023 revision, and the current 2024 revision has raised it further to Rs 3,100 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it has risen by 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, which is equal to the current guideline value for Gangai Amman Koil Periya Street.

Stamp duty and registration fee for property in Gangai Amman Koil Periya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, while the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. Stamp duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Amman Koil Periya Street?

The Gangai Amman Koil Periya Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as per the local government regulations. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Gangai Amman Koil Periya Street?

The current guideline value of Gangai Amman Koil Periya Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What is the land classification for Gangai Amman Koil Periya Street?

Gangai Amman Koil Periya Street is classified under Residential Class II Type - I.

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

The Sub Registrar Office covering Gangai Amman Koil Periya Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the stamp duty for property transactions in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000.