Guideline Value for Gangai Amman Koil Street

Gangai Amman Koil Street guideline value

The current guideline value of Gangai Amman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pennaloor village, under the Sriperumpudur SRO, and falls under the Residential Class III Type - I land classification.

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 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following that, the value increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Pennaloor

In Pennaloor village, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,200 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Gangai Amman Koil Street.

• Gowtham Nagar: Rs 200 per sq.ft (2024)
• E.B.Kudi Colony: Rs 200 per sq.ft (2024)
• Havisha Homes: Rs 850 per sq.ft (2024)
• Heath Centre: Rs 200 per sq.ft (2024)
• Dr. A.P.J. Abdulkalam Nagar: Rs 500 per sq.ft (2024)
• K.A.Anna Nagar: Rs 400 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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 that covers Gangai Amman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from the transaction. Buyers and sellers must be aware of the guideline value to understand the financial implications of their 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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with the most recent change being from Rs 200 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, showing no change. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Gangai Amman Koil Street?

Gangai Amman Koil Street is classified as Residential Class III Type - I. This classification indicates the type of development and usage permitted in the area.

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

The Sub Registrar Office for Gangai Amman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pennaloor?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.