Guideline Value for Gangaiamman Koil street

Gangaiamman Koil street guideline value

The current guideline value of Gangaiamman Koil street is Rs 400 per sq.ft. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Gangaiamman Koil street has changed

The guideline value for Gangaiamman Koil street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 400 per sq.ft. The 2024 revision maintained the same guideline value of Rs 400 per sq.ft, resulting in no percentage change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 268 per sq.ft to Rs 400 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are a total of 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, indicating that Gangaiamman Koil street's 2024 figure is below this median.

• Gandhi Street: Rs 600 per sq.ft (2024)
• Gothumaikollai Street: Rs 600 per sq.ft (2024)
• Guberan Nagar: Rs 320 per sq.ft (2024)
• East Street Mangalam: Rs 600 per sq.ft (2024)
• East Street Kanakoilpettai: Rs 600 per sq.ft (2024)
• Dr.Ambedkar Street: Rs 600 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, the total cost for stamp duty and registration fees would be Rs 36,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Thirukalukundrem A

The guideline value plays a crucial role when buying or selling property in Thirukalukundrem A. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When a property is registered, the guideline value is referenced to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of Gangaiamman Koil street?

The current guideline value of Gangaiamman Koil street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gangaiamman Koil street increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and has remained at Rs 400 per sq.ft in 2024, marking a 49% increase overall from 2017 to 2024.

What other streets have guideline values in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Gandhi Street and Gothumaikollai Street, both valued at Rs 600 per sq.ft in 2024, among others with varying rates.

What fees are associated with buying property in Gangaiamman Koil street?

When purchasing property, buyers should account for stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Gangaiamman Koil street?

The Thirukazhukundram Sub Registrar Office is responsible for property registrations in Gangaiamman Koil street, located at Thiruchengode - 637 211, Chengalpattu registration zone.