Guideline Value for Gangaiamman Koil Street

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil Street in Padiyanallur village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Gangaiamman Koil Street has changed

The guideline value for Gangaiamman Koil Street has seen several revisions over the years. Starting from Rs 102 per sq.ft in 2003, it increased to Rs 300 per sq.ft in 2007. The value then rose significantly to Rs 600 per sq.ft in 2012, before dropping to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, and the latest 2024 revision has increased it to Rs 660 per sq.ft.

Between the revisions, the changes were as follows: from 2003 to 2007, the value increased by 194%, followed by a 100% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft, with a median value of Rs 770 per sq.ft. Gangaiamman Koil Street's current value is below this median.

• Gangaiamman Koil Street (PANNEERVAKKAM COLONY): Rs 385 per sq.ft (2024)
• Gandhi Street: Rs 770 per sq.ft (2024)
• G.N.T. Road: Rs 2,750 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 770 per sq.ft (2024)
• Eswaran Koil Street Lane: Rs 660 per sq.ft (2024)
• Eswaran Koil Street: Rs 660 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 of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimations.

Which Sub Registrar Office covers Gangaiamman Koil Street?

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 more 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 is used to determine the stamp duty and registration fees that need to be paid during the property transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 102 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, with various increases and a decrease noted in the revisions.

What is the stamp duty for property in Gangaiamman Koil Street?

The stamp duty for property in Gangaiamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Gangaiamman Koil Street?

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

What is the land classification for Gangaiamman Koil Street?

Gangaiamman Koil Street is classified as Residential Class II Type - I according to the local guidelines.