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Guideline Value for Gangaiamman Koil Street (PANNEERVAKKAM COLONY)

₹385/sq.ft.

The guideline value for Gangaiamman Koil Street (panneervakkam Colony) in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padiyanallur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangaiamman Koil Street (panneervakkam Colony)

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Gangaiamman Koil Street (PANNEERVAKKAM COLONY) guideline value

The current guideline value of Gangaiamman Koil Street (PANNEERVAKKAM COLONY) is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gangaiamman Koil Street (PANNEERVAKKAM COLONY) has changed

The guideline value for Gangaiamman Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in 2012, reflecting a 75% rise. However, it then decreased to Rs 234 per sq.ft in 2017, marking a decline of 33%. The value increased significantly to Rs 350 per sq.ft in 2023, followed by a further rise to Rs 385 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 93%.

Guideline values in Padiyanallur

Padiyanallur village comprises 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, making the current value of Gangaiamman Koil Street below the median.

Stamp duty and registration fee for property in Gangaiamman Koil Street (PANNEERVAKKAM COLONY)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, resulting in a total of Rs 34,650. Please 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 details.

Which Sub Registrar Office covers Gangaiamman Koil Street (PANNEERVAKKAM COLONY)?

The Sub Registrar Office that covers Gangaiamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padiyanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street (PANNEERVAKKAM COLONY) is Rs 385 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 200 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, marking an overall increase of 93%.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Gangaiamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the guideline values of other streets in Padiyanallur?

Other streets in Padiyanallur have varying guideline values, with Gandhi Street at Rs 770 per sq.ft, G.N.T. Road at Rs 2,750 per sq.ft, and Gajalakshmi Nagar at Rs 770 per sq.ft, among others.