Guideline Value for Gangaiymman Koil Street

Gangaiymman Koil Street guideline value

The current guideline value of Gangaiymman Koil Street is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Kannanthangal village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gangaiymman Koil Street has changed

Reviewing the revisions, the guideline value for Gangaiymman Koil Street has seen several changes over the years. The 2012 revision recorded a value of Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased to Rs 100 per sq.ft in the 2023 revision, and finally to Rs 110 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kannanthangal

Kannanthangal village comprises 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 110 per sq.ft, which is the same as the 2024 figure for Gangaiymman Koil Street.

• Ellaiyamman Koil Street: Rs 110 per sq.ft (2024)
• Jemi Kannanthangal New Town: Rs 250 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• Chandrayan Nagar: Rs 250 per sq.ft (2024)
• Kamaraj Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiymman Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,10,000. The stamp duty, charged at 7%, would amount to Rs 7,700, while the registration fee at 2% would be Rs 2,200. Together, these fees would total Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangaiymman Koil Street?

The Sub Registrar Office that covers Gangaiymman 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 Kannanthangal

The guideline value plays a crucial role during the registration process when buying or selling property in Kannanthangal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from the sale.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the necessary fees based on the property's size and location. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Gangaiymman Koil Street?

The current guideline value of Gangaiymman Koil Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 100 per sq.ft in 2023 to Rs 110 per sq.ft in 2024. It was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What is the land classification for Gangaiymman Koil Street?

The land classification for Gangaiymman Koil Street is Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Gangaiymman Koil Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 9,900.