Guideline Value for Gangaiamman kovil Street

Gangaiamman kovil Street guideline value

The current guideline value of Gangaiamman kovil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Vaipoor village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Gangaiamman kovil Street has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. The value increased significantly in the 2023 revision, returning to Rs 250 per sq.ft, and has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 50%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 250 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vaipoor

In Vaipoor, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 300 per sq.ft, with the median value being Rs 250 per sq.ft. Gangaiamman kovil Street's 2024 figure is equal to this median.

• Eswaran Koil Street: Rs 250 per sq.ft (2024)
• Mahakavi Bharathiyar Nagar Stage I & II: Rs 300 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Ragallamman Kovil Street: Rs 250 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vaipoor, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation and legal purposes.

During the registration process, buyers and sellers must refer to the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of Gangaiamman kovil Street?

The current guideline value of Gangaiamman kovil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft, the same as in 2023. The value was Rs 167 per sq.ft in 2017, indicating a significant increase in the following years.

What is the land classification for Gangaiamman kovil Street?

Gangaiamman kovil Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

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

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

How is stamp duty calculated for properties in Gangaiamman kovil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000, leading to a stamp duty of Rs 17,500.