Guideline Value for Gangaiamman Koil Street

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village, under the Kunrathur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Gangaiamman Koil Street has changed

The guideline value for Gangaiamman Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 938 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 1,400 per sq.ft, followed by a further increase of 11% to the current value of Rs 1,550 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 417%. It is important to note that there are no figures available for Gangaiamman Koil Street for the years 2002 and 2003.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,550 per sq.ft, which is equal to the current guideline value of Gangaiamman Koil Street.

• Duraisamy Street: Rs 1,550 per sq.ft (2024)
• Chinna Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar 1st Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar 2nd Street: Rs 1,550 per sq.ft (2024)
• Kamarajar Nagar 3rd Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangaiamman Koil Street?

The Sub Registrar Office that covers Gangaiamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,550 per sq.ft in 2024, reflecting a total increase of 417% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500.

Which office handles property registrations for Gangaiamman Koil Street?

The Kunrathur Sub Registrar Office handles property registrations for Gangaiamman Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets in Thirunageswaram with the same guideline value?

Yes, several other streets in Thirunageswaram also have a guideline value of Rs 1,550 per sq.ft for the year 2024, including Duraisamy Street, Chinna Street, and various Kamarajar Nagar streets.