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Guideline Value

Corporate

Guideline Value for POLICE QUARTERS (GANGADEESWARA KOIL STREET)

₹6600/sq.ft.

The guideline value for Police Quarters (gangadeeswara Koil Street) in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Police Quarters (gangadeeswara Koil Street)

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Police Quarters (Gangadeeswara Koil Street) guideline value

The current guideline value for Police Quarters (Gangadeeswara Koil Street) is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Commercial Class I Type - III.

How the guideline value of Police Quarters (Gangadeeswara Koil Street) has changed

Over the years, the guideline value for Police Quarters (Gangadeeswara Koil Street) has seen several revisions. The 2007 revision set the value at Rs 3,000 per sq.ft, which increased to Rs 6,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 4,020 per sq.ft. The 2023 revision saw a significant increase to Rs 6,000 per sq.ft, and the latest 2024 revision raised it further to Rs 6,600 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 100%, but then it decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and the most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, placing the 2024 figure for Police Quarters (Gangadeeswara Koil Street) above this median.

Stamp duty and registration fee for property in Police Quarters (Gangadeeswara Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty, charged at 7%, would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Police Quarters (Gangadeeswara Koil Street)?

The Police Quarters (Gangadeeswara Koil Street) falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Police Quarters (Gangadeeswara Koil Street)?

The current guideline value for Police Quarters (Gangadeeswara Koil Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 3,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles registrations for this area?

The Purasaivakkam Sub Registrar Office handles registrations for Police Quarters (Gangadeeswara Koil Street), located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures that the correct amount of duty is paid based on the higher of the guideline value or the sale price.