Guideline Value for Gangai Amman Koil Street

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 2,450 per sq.ft, effective from 1 July 2024. This street is located in Moulivakkam village, under the Kunrathur SRO, classified as Residential Special 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 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it then decreased to Rs 1,474 per sq.ft in 2017. The value rose again to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,450 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, followed by an 11% rise from 2023 to 2024. The overall change from 2007 to 2024 reflects an increase of 145%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value is Rs 2,450 per sq.ft, which is equal to the current guideline value of Gangai Amman Koil Street.

• Govindaraj Nagar: Rs 2,450 per sq.ft (2024)
• Dhanalakshmi Nagar Extension: Rs 2,450 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Jeevan Nagar: Rs 2,450 per sq.ft (2024)
• Jothi Nagar: Rs 2,450 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 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, totaling Rs 2,20,500. The duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 further assistance.

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

The guideline value is an important factor during the registration of property transactions in Moulivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller adhere to the legal requirements for property transactions. This helps maintain transparency and accountability in real estate dealings.

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 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 145%.

What is the land classification of Gangai Amman Koil Street?

The land classification of Gangai Amman Koil Street is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 24,50,000, the total fees would be Rs 2,20,500.

Where can I find the Sub Registrar Office for Gangai Amman Koil Street?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and is responsible for property registrations in this area.