Guideline Value for Gengaiyamman Koil street

Gengaiyamman Koil street guideline value

The current guideline value of Gengaiyamman Koil street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gengaiyamman Koil street has changed

Over the years, the guideline value of Gengaiyamman Koil street has seen several revisions. The 2007 revision recorded a value of Rs 147 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision. This was followed by a decrease to Rs 603 per sq.ft in 2017, and then it remained at Rs 900 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2007 to 2012 marked a substantial increase of 512%, while the overall change from 2007 to 2024 also reflects a 512% increase. The guideline value has remained stable at Rs 900 per sq.ft for the last two revisions.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 800 per sq.ft, placing Gengaiyamman Koil street's 2024 figure above this median.

• Gindi vengadaswami Nayidu street: Rs 1,000 per sq.ft (2024)
• Irattai Thaleeshvaran Koil Street: Rs 1,500 per sq.ft (2024)
• Dhurgaiyamman Koil Street 1st Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil 3rd Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil 2nd Street: Rs 700 per sq.ft (2024)
• Dans Pettai: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gengaiyamman Koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, making a total of Rs 81,000. 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 Gengaiyamman Koil street?

The Sub Registrar Office that covers Gengaiyamman Koil street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for legalizing the transaction and protecting the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Gengaiyamman Koil street?

The current guideline value of Gengaiyamman Koil street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 147 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreasing to Rs 603 per sq.ft in 2017, and remaining at Rs 900 per sq.ft in both 2023 and 2024.

What is the land classification for Gengaiyamman Koil street?

Gengaiyamman Koil street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Gengaiyamman Koil street?

The stamp duty is 7%, and the registration fee is 2% of the guideline value. For a plot of 1,000 sq.ft, the total fees amount to Rs 81,000 based on the current guideline value.

Where is the Sub Registrar Office for Gengaiyamman Koil street located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.