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Guideline Value

Corporate

Guideline Value for Gangaiyamman Koil Street

₹6100/sq.ft.

The guideline value for Gangaiyamman Koil Street in Urur village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1347 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1139 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gangaiyamman Koil Street

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Gangaiyamman Koil Street guideline value

The current guideline value of Gangaiyamman Koil Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Gangaiyamman Koil Street has changed

The guideline value for Gangaiyamman Koil Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,139 per sq.ft. This increased to Rs 1,347 per sq.ft in 2003, marking an 18% rise. The value then rose to Rs 2,000 per sq.ft in 2007, reflecting a 48% increase. Following this, the value surged to Rs 5,500 per sq.ft in 2012, which was a substantial 175% increase. However, between 2012 and 2017, the value decreased by 33% to Rs 3,685 per sq.ft. The value then climbed to Rs 5,500 per sq.ft in 2023, showing a 49% increase. Finally, the current value of Rs 6,100 per sq.ft represents an 11% increase from 2023 to 2024.

There are no figures available for the years not mentioned in the register for this street. The overall change from 2002 to 2024 is an increase of 436%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of Gangaiyamman Koil Street is below this median.

Stamp duty and registration fee for property in Gangaiyamman Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, totaling Rs 5,49,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangaiyamman Koil Street?

The Sub Registrar Office that covers Gangaiyamman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the higher of the sale price and the guideline value is used to calculate the stamp duty. This ensures that the transaction is recorded accurately and that all applicable fees are paid accordingly.

Frequently asked questions

What is the current guideline value of Gangaiyamman Koil Street?

The current guideline value of Gangaiyamman Koil Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, representing an overall increase of 436%.

What is the land classification for Gangaiyamman Koil Street?

Gangaiyamman Koil Street falls under the Residential Class III Type - I land classification.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Urur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.