Guideline Value for Gangaiyamman Koil Street

Gangaiyamman Koil Street guideline value

The current guideline value of Gangaiyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B 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 2017 revision listed the value at Rs 134 per sq.ft, which was then followed by the 2023 revision that maintained the same value of Rs 100 per sq.ft. The 2024 revision also kept the guideline value at Rs 100 per sq.ft, indicating no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a decrease of 25%. Overall, from the 2017 revision to the 2024 revision, the guideline value has decreased by 25% as well.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, the guideline values vary significantly across the 84 streets under the Sriperumpudur SRO. The 2024 figures range from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. Gangaiyamman Koil Street's 2024 guideline value of Rs 100 per sq.ft is below this median.

• Gandhi Street: Rs 100 per sq.ft (2024)
• Golden Castle: Rs 400 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)
• Harini Nagar: Rs 300 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 B

The guideline value plays a crucial role in property transactions in Mevaloorkuppam B. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. The guideline value ensures that the government receives appropriate revenue from property transactions.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Gangaiyamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has decreased from Rs 134 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 25% decrease overall.

What is the land classification for Gangaiyamman Koil Street?

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

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,000, calculated based on the guideline value of Rs 1,00,000.

Which office handles the registration for Gangaiyamman Koil Street?

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