Guideline Value for Gel. Coacher Street, Chennai 82

Gel. Coacher Street, Chennai 82 guideline value

The current guideline value for Gel. Coacher Street, Chennai 82 is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gel. Coacher Street, Chennai 82 has changed

The guideline value for Gel. Coacher Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,500 per sq.ft in 2023, and further increased to Rs 2,700 per sq.ft in 2024, marking an 8% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 125%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Gel. Coacher Street's 2024 figure is below that median.

• G Block 9th Street Extension: Rs 20,000 per sq.ft (2024)
• G Block 1st Avenue: Rs 20,000 per sq.ft (2024)
• G.K.M. Colony, Chennai 82 & Streets: Rs 2,700 per sq.ft (2024)
• Gnanammal Garden: Rs 4,400 per sq.ft (2024)
• Gopal Pillai Nagar: Rs 4,400 per sq.ft (2024)
• Govindaraj Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gel. Coacher Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gel. Coacher Street, Chennai 82?

The Sub Registrar Office that covers Gel. Coacher Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value as it affects the overall cost of the transaction. Buyers should consider this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gel. Coacher Street, Chennai 82?

The current guideline value of Gel. Coacher Street, Chennai 82 is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 125% over the years.

What is the stamp duty for property in Gel. Coacher Street?

The stamp duty for property in Gel. Coacher Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.

Which Sub Registrar Office covers Gel. Coacher Street?

The AnnaNagar Sub Registrar Office covers Gel. Coacher Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Gel. Coacher Street?

Gel. Coacher Street is classified as Residential Class III Type - I, indicating its use for residential purposes.