Guideline Value for Gangaiamman Kovil Street

Gangaiamman Kovil Street guideline value

The current guideline value of Gangaiamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in AagaramB village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gangaiamman Kovil Street has changed

The guideline value for Gangaiamman Kovil Street has undergone several revisions over the years. The most recent revisions show that the value has remained constant at Rs 100 per sq.ft for both 2023 and 2024. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49% as well.

Guideline values in AagaramB

AagaramB village has a total of 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 374 per sq.ft. The median value for these streets is Rs 125 per sq.ft, making the guideline value for Gangaiamman Kovil Street below that median.

• Eden Garden Farm Land: Rs 100 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 350 per sq.ft (2024)
• Annai Parasakthi Nagar: Rs 150 per sq.ft (2024)
• Aikon City: Rs 150 per sq.ft (2024)
• Agaram Colony: Rs 100 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Gangaiamman Kovil Street?

The Sub Registrar Office that covers Gangaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in AagaramB. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the transaction is accurately recorded and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Gangaiamman Kovil Street?

The current guideline value for Gangaiamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gangaiamman Kovil Street has remained at Rs 100 per sq.ft for both 2023 and 2024. It increased from Rs 67 per sq.ft in 2017, marking a 49% increase from 2017 to 2023.

What are the other streets in AagaramB with their guideline values?

In AagaramB, there are several other streets with varying guideline values ranging from Rs 100 to Rs 374 per sq.ft. Notable examples include Dnh Sri Maheswari Avenue at Rs 350 per sq.ft and Annai Parasakthi Nagar at Rs 150 per sq.ft.

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

When buying property on Gangaiamman Kovil Street, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 9,000.

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

The Sub Registrar Office for Gangaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.