Guideline Value for Gangaiamman koil street

Gangaiamman koil street guideline value

The current guideline value of Gangaiamman koil street in Poonthandalam village is Rs 330 per sq.ft, effective from the 2024 revision. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Gangaiamman koil street has changed

The guideline value for Gangaiamman koil street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 300 per sq.ft, and the most recent revision in 2024 set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has risen by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Poonthandalam

In Poonthandalam, there are nine streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 550 per sq.ft. Gangaiamman koil street's 2024 figure is equal to the median value of Rs 330 per sq.ft.

• Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Baba koil street: Rs 330 per sq.ft (2024)
• Asariyar street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Perumal koil street: Rs 330 per sq.ft (2024)
• Pillayar koil street: Rs 330 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 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees together Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Poonthandalam. When a property is sold or purchased, the guideline value is used to determine the stamp duty and registration fees applicable for the transaction. This ensures that the fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value when engaging in property transactions. This knowledge helps in understanding the financial implications of the registration process and ensures compliance with the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Gangaiamman koil street?

The current guideline value of Gangaiamman koil street is Rs 330 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Gangaiamman koil street?

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

Where can I find information about other streets in Poonthandalam?

Information about other streets in Poonthandalam can be found in the guideline value register, which lists their respective rates per sq.ft for the year 2024.

How is stamp duty calculated for properties in Gangaiamman koil street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 23,100.