Guideline Value for Gangaiamman Kovil Street

Gangaiamman Kovil Street guideline value

The current guideline value of Gangaiamman Kovil Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Agaram village under the Sunguvarchattram SRO, classified as 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 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 100 per sq.ft. The latest revision in 2024 has further increased the value to Rs 102 per sq.ft, reflecting a 2% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 2%.

Guideline values in Agaram

Agaram village has a range of guideline values across its streets, with values for 2024 ranging from Rs 102 to Rs 374 per sq.ft. The median value for these streets is Rs 126 per sq.ft, which means that Gangaiamman Kovil Street's 2024 figure is below this median.

• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 per sq.ft (2024)
• Annai Parasakthi Nagar: Rs 150 per sq.ft (2024)
• Aikon City: Rs 150 per sq.ft (2024)
• Agaram Colony: Rs 102 per sq.ft (2024)
• Mettu Street: Rs 102 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 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, while the registration fee at 2% would be Rs 2,040. Together, these fees would total Rs 9,180. It is important to note that 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 details.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Agaram, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is crucial for both buyers and sellers to understand that these fees are based on the guideline value or the sale price, whichever is higher.

This ensures that all transactions are in compliance with the local regulations, providing a clear framework for property transactions in the area. Buyers should always check the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Gangaiamman Kovil Street?

The current guideline value of Gangaiamman Kovil Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What is the land classification for Gangaiamman Kovil Street?

Gangaiamman Kovil Street is classified as Residential Class II Type - I according to the local regulations.

Where can I find the registration office for Gangaiamman Kovil Street?

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

How is the stamp duty calculated for properties in Agaram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable, making it important for buyers to be aware of these costs when purchasing property.