Guideline Value for Gangai Amman Koil Street

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Manancheri village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Gangai Amman Koil Street has changed

The guideline value for Gangai Amman Koil Street has seen several revisions over the years. In the 2012 revision, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and finally, it rose to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Looking at the changes, the increase from 2017 to 2023 was significant at 49%, while the decrease from 2012 to 2017 was 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,400 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, which is equal to the 2024 figure for Gangai Amman Koil Street.

• Guruvayurappan Nagar: Rs 990 per sq.ft (2024)
• Hari Avenue: Rs 990 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 990 per sq.ft (2024)
• Devandran Nagar: Rs 990 per sq.ft (2024)
• Devaki Nagar 4th Street: Rs 1,320 per sq.ft (2024)
• Devaki Nagar 3rd Street: Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gangai Amman Koil Street?

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

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

The guideline value is a crucial factor in property transactions in Manancheri. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are payable.

Additionally, the guideline value ensures transparency in property transactions, as it provides a standardized value for properties within a specific area. This helps both buyers and sellers to understand the value of the property they are dealing with during the registration process.

Frequently asked questions

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

The current guideline value of Gangai Amman Koil Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Gangai Amman Koil Street?

Gangai Amman Koil Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Gangai Amman Koil Street?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Gangai Amman Koil Street?

The Kunrathur Sub Registrar Office handles registrations for Gangai Amman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.