Guideline Value for Gangaiamman Koil Street

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil Street is Rs 200 per sq.ft. This street is located in Vanchuvancheri village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gangaiamman Koil Street has changed

The guideline value for Gangaiamman Koil Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017, marking a change of -33%. However, the value increased again to Rs 200 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision as well.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with a median value of Rs 400 per sq.ft. Gangaiamman Koil Street's 2024 figure is below that median.

• Ganesapuram: Rs 500 per sq.ft (2024)
• Cement Road (Panchayat Road): Rs 300 per sq.ft (2024)
• Kannan Nagar: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bajanai koil street: Rs 300 per sq.ft (2024)
• Kurunchi Nagar: Rs 300 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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?

The Sub Registrar Office that covers Gangaiamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vanchuvancheri. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers as it ensures compliance with local regulations and helps in accurately calculating the costs involved in property transactions. This knowledge aids in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gangaiamman Koil Street has seen several revisions, with the most recent changes being from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Vanchuvancheri and their guideline values?

Other streets in Vanchuvancheri have varying guideline values, with rates ranging from Rs 200 to Rs 700 per sq.ft. For instance, Ganesapuram is Rs 500 per sq.ft, while several others are at Rs 300 per sq.ft.

What fees are associated with buying property on Gangaiamman Koil Street?

When buying property on Gangaiamman Koil Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 18,000.

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

The Sub Registrar Office for Gangaiamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details through the provided link.