Guideline Value for Gangaiamman koil street

Gangaiamman koil street guideline value

The current guideline value of Gangaiamman koil street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class II Type - I.

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 the 2012 revision, the value was set at Rs 1,800 per sq.ft. This decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw an increase to Rs 1,900 per sq.ft, reflecting a rise of 58% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 6%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, making the guideline value of Gangaiamman koil street below this median.

• Ganesh Nagar: Rs 2,400 per sq.ft (2024)
• Gandhi Street Devi Nagar: Rs 2,400 per sq.ft (2024)
• Geethanjali Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 1st Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 2nd Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 3rd Street: Rs 2,400 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty is calculated at 7%, which totals Rs 1,33,000, while the registration fee at 2% amounts to Rs 38,000. Therefore, the total cost for stamp duty and registration fee would be Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Gangaiamman koil street?

The Sub Registrar Office that covers Gangaiamman koil street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that must be paid to the government during the registration of the property. This ensures that the transaction is officially recognized and that the appropriate taxes are collected.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This process helps maintain transparency in property transactions and ensures that the government receives its due revenue from property sales.

Frequently asked questions

What is the current guideline value of Gangaiamman koil street?

The current guideline value of Gangaiamman koil street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,900 per sq.ft in 2024.

What is the land classification of Gangaiamman koil street?

Gangaiamman koil street is classified as Residential Class II Type - I.

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

Other streets in Thirumullaivoyal include Ganesh Nagar, Gandhi Street Devi Nagar, Geethanjali Street (Sri Sakthi Nagar), and various streets in Gnana Olipuram, all with a guideline value of Rs 2,400 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Gangaiamman koil street?

The Sub Registrar Office for Gangaiamman koil street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.