Guideline Value for Gangai Amman Koil Street

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 1,320 per sq.ft. This street is located in Thirumudivakkam village, under the Padappai SRO, and is 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 undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,860 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, which is equal to the guideline value for Gangai Amman Koil Street.

• Ganga Nagar: Rs 880 per sq.ft (2024)
• Farm Land Layout: Rs 1,320 per sq.ft (2024)
• Harish Nagar Annex: Rs 880 per sq.ft (2024)
• Doshi Firstnest: Rs 1,320 per sq.ft (2024)
• Joyson Nagar (Garden): Rs 1,320 per sq.ft (2024)
• Kalaignar 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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 information.

Which Sub Registrar Office covers Gangai Amman Koil Street?

The Sub Registrar Office that covers Gangai Amman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a key factor in the registration of property transactions in Thirumudivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties agree on a fair price for registration purposes. It is essential to consider the guideline value when negotiating property deals to ensure compliance with local regulations.

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 1,320 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, which is a 64% increase overall. The value was Rs 1,200 per sq.ft in 2023.

What is the land classification for Gangai Amman Koil Street?

Gangai Amman Koil Street is classified as Residential Special Type - I. This classification is important for understanding the zoning and permitted uses of the land.

Where can I find the registration office for Gangai Amman Koil Street?

The registration office for Gangai Amman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Gangai Amman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 92,400.