Guideline Value for Gangaiyamman Koil Street

Gangaiyamman Koil Street guideline value

The current guideline value of Gangaiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Gangaiyamman Koil Street has changed

Over the years, the guideline value for Gangaiyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2024 revision. In the 2017 revision, the value dropped to Rs 134 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2023 revision further reduced the value to Rs 100 per sq.ft, marking a 25% decline from the 2017 figure. However, the 2024 revision saw a significant increase of 100%, bringing the value back up to Rs 200 per sq.ft.

It is important to note that the register has no figures for Gangaiyamman Koil Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Gangaiyamman Koil Street's 2024 figure below that median.

• Gandhi Street: Rs 200 per sq.ft (2024)
• Golden Castle: Rs 400 per sq.ft (2024)
• Gandhi Nagar: Rs 1,344 per sq.ft (2024)
• Golden Growvilla: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Happy Land Colony: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gangaiyamman Koil Street?

The Sub Registrar Office that covers Gangaiyamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mevaloorkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Gangaiyamman Koil Street?

The current guideline value of Gangaiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally back to Rs 200 per sq.ft in 2024.

What is the land classification for Gangaiyamman Koil Street?

Gangaiyamman Koil Street is classified as Residential Class IV Type - I.

Where can I find the registration office for Gangaiyamman Koil Street?

The registration office for Gangaiyamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gangaiyamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. For example, for a plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.