Guideline Value for Gangai Amman Street

Gangai Amman Street guideline value

The current guideline value of Gangai Amman Street is Rs 400 per sq.ft. This street is located in Polacheri village, under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Gangai Amman Street has changed

The guideline value for Gangai Amman Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 60 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a 567% rise. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, which is a decrease of 33% from the previous revision. The most recent revision in 2023 has restored the guideline value to Rs 400 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 567%. It is important to note that there are no figures available for this street in the 2002, 2003, and 2024 revisions.

Guideline values in Polacheri

Currently, the only guideline value available for Polacheri is that of Gangai Amman Street, which stands at Rs 400 per sq.ft. There are no other streets in Polacheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gangai Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Amman Street?

The Sub Registrar Office that covers Gangai Amman Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Polacheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Gangai Amman Street?

The current guideline value of Gangai Amman Street is Rs 400 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 567%, from Rs 60 per sq.ft in 2007 to Rs 400 per sq.ft in 2023.

What was the guideline value in the 2017 revision?

In the 2017 revision, the guideline value for Gangai Amman Street was Rs 268 per sq.ft.

Are there any other streets in Polacheri with published guideline values?

Currently, there are no other streets in Polacheri listed under the Gooduvancheri SRO with published guideline values.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.