Guideline Value for Gangaiamman Koil Street

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II 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. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then saw a decrease to Rs 536 per sq.ft in 2017. The 2023 revision marked an increase to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are a total of 62 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is the same as the guideline value for Gangaiamman Koil Street.

• Gandhi Nagar: Rs 880 per sq.ft (2024)
• G.S.T. Road: Rs 6,600 per sq.ft (2024)
• Erikkarai Street: Rs 880 per sq.ft (2024)
• East Street: Rs 880 per sq.ft (2024)
• Hill Grove Town: Rs 2,200 per sq.ft (2024)
• Devi Granites: Rs 880 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for stamp duty and registration fees would be Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pulikoradu. 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 to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established guideline values.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street is Rs 880 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 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the other streets in Pulikoradu with similar guideline values?

Other streets in Pulikoradu with the same guideline value of Rs 880 per sq.ft include Gandhi Nagar, Erikkarai Street, East Street, and Devi Granites.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Gangaiamman Koil Street located?

The Sub Registrar Office for Gangaiamman Koil Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.