Guideline Value for Gangai Amman Koil Street

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 1,100 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gangai Amman Koil Street has changed

Over the years, the guideline value of Gangai Amman Koil Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,100 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

While specific village figures are not provided, Gangai Amman Koil Street is one of the streets in Urapakkam, which falls under the Gooduvancheri SRO. The other streets in Urapakkam are as follows:

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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is calculated at 7%, resulting in Rs 77,000, while the registration fee at 2% amounts to Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that 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 that covers Gangai Amman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

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 1,100 per sq.ft, as per the 2023 revision.

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 1,100 in 2012, dropped to Rs 737 in 2017, and returned to Rs 1,100 in 2023. Overall, from 2007 to 2023, there has been a 10% increase.

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

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Gangai Amman Koil Street?

The Gooduvancheri Sub Registrar Office handles registrations for Gangai Amman Koil Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any revisions without figures for Gangai Amman Koil Street?

Yes, there are no figures available for the revisions in 2002, 2003, and 2024 for Gangai Amman Koil Street.