Guideline Value for Gangaiamman Koil Street

Gangaiamman Koil Street guideline value

The current guideline value of Gangaiamman Koil Street is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of Gangaiamman Koil Street has changed

Over the years, the guideline value of Gangaiamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. This was a decline of 33%. However, the value significantly increased to Rs 850 per sq.ft in 2023, marking a rise of 111%. The latest revision in 2024 has set the value at Rs 935 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 56%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, which is the same as the guideline value for Gangaiamman Koil Street.

• Gangaikondan Mandapam 1st Street: Rs 825 per sq.ft (2024)
• Gangaikondan Mandapam Street: Rs 825 per sq.ft (2024)
• Fiva radha road: Rs 1,330 per sq.ft (2024)
• Fiva Radha 1,2nd Street: Rs 1,215 per sq.ft (2024)
• Fisherman Part Nehru Street: Rs 935 per sq.ft (2024)
• Fisherman Colony Sunami Nagar 7th Cross: Rs 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 of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. It is essential 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 Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Mamallapuram. It is used to determine the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers must consider this value to comply with legal requirements and avoid any penalties.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil Street?

The current guideline value of Gangaiamman Koil Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, showing an overall increase of 56% over this period.

What is the land classification for Gangaiamman Koil Street?

Gangaiamman Koil Street is classified as Residential Class IV Type - I under the Thirukazhukundram SRO.

Where can I find the registration office for this area?

The registration office for Gangaiamman Koil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, at the current guideline value, the stamp duty for a 1,000 sq.ft plot would be Rs 65,450.