Guideline Value for Gangaiamman Koil Street

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

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 Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. However, the value saw a significant increase to Rs 500 per sq.ft in the 2023 revision, and then further increased by 10% to Rs 550 per sq.ft in the 2024 revision.

From 2012 to 2017, the value decreased by 33%. Between 2017 and 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, making the current guideline value of Gangaiamman Koil Street below that median.

• Garuda Avenue: Rs 3,450 per sq.ft (2024)
• Gokul Nagar: Rs 550 per sq.ft (2024)
• Evergreen Enclave Phase IV: Rs 1,760 per sq.ft (2024)
• Easwaran Koil Street: Rs 550 per sq.ft (2024)
• Easwaran Koil Cross Street: Rs 550 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total fees would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangaiamman Koil Street?

The Sub Registrar Office that covers Gangaiamman Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the correct duties are paid to the government. Understanding the guideline value is essential for anyone involved in property transactions in Agaramthen.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 500 per sq.ft in 2012, decreasing to Rs 335 per sq.ft in 2017, then rising to Rs 500 per sq.ft in 2023, and finally reaching Rs 550 per sq.ft in 2024.

What is the median guideline value for streets in Agaramthen?

The median guideline value for streets in Agaramthen is Rs 830 per sq.ft. Gangaiamman Koil Street's current value is below this median.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Gangaiamman Koil Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Gangaiamman Koil Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.