Guideline Value for Gangaiamman Koil Street (Lakshmi Nagar)

Gangaiamman Koil Street (Lakshmi Nagar) guideline value

The current guideline value of Gangaiamman Koil Street (Lakshmi Nagar) is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gangaiamman Koil Street (Lakshmi Nagar) has changed

Over the years, the guideline value for Gangaiamman Koil Street has seen several revisions. The 2007 revision set the guideline value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a remarkable rise of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The latest revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. 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 Vandalur

Currently, there are no specific village figures available for Vandalur. Gangaiamman Koil Street (Lakshmi Nagar) has a guideline value of Rs 1,500 per sq.ft.

Stamp duty and registration fee for property in Gangaiamman Koil Street (Lakshmi Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Gangaiamman Koil Street (Lakshmi Nagar)?

The Gooduvancheri Sub Registrar Office covers Gangaiamman Koil Street (Lakshmi Nagar). The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street (Lakshmi Nagar)?

The current guideline value of Gangaiamman Koil Street (Lakshmi Nagar) is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 550 per sq.ft to Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and then returned to Rs 1,500 per sq.ft in 2023.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000. The stamp duty at 7% is Rs 1,05,000, and the registration fee at 2% is Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Gangaiamman Koil Street?

The Gooduvancheri Sub Registrar Office covers Gangaiamman Koil Street (Lakshmi Nagar), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with guideline values. Gangaiamman Koil Street (Lakshmi Nagar) is the only street mentioned in this context.