Guideline Value for Gangai Amman Koil Street

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Class II 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. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in 2023. The latest revision in 2024 shows a further increase to Rs 1,540 per sq.ft, marking a 10% rise from the previous year. The overall increase from the 2017 revision to the 2024 revision is 64%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions are a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, making Gangai Amman Koil Street's current value below this median.

• Gandhi Nagar / Jeeva Nagar: Rs 1,540 per sq.ft (2024)
• Govindaraj Nagar: Rs 1,540 per sq.ft (2024)
• EVP Sri Ram Nagar: Rs 1,870 per sq.ft (2024)
• Eswar Nagar: Rs 1,540 per sq.ft (2024)
• Hari Sai Nagar: Rs 1,870 per sq.ft (2024)
• East Kamatchi Nagar: Rs 1,540 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangai Amman Koil Street?

The Sub Registrar Office covering 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 Mangadu -A

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This is essential for both buyers and sellers to understand their financial obligations during the transaction 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 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking a total increase of 64% over that period.

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

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations for Gangai Amman Koil Street?

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

What is the median guideline value for streets in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, which is higher than the current value of Gangai Amman Koil Street.