Guideline Value for SANGOTHAIAMMAN KOIL EAST STREET

Sangothaiamman Koil East Street guideline value

The current guideline value of Sangothaiamman Koil East Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sangothaiamman Koil East Street has changed

The guideline value for Sangothaiamman Koil East Street has seen several revisions over the years. In the 2003 revision, the value was Rs 85 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. The 2012 revision saw a drop to Rs 2,000 per sq.ft, but this was followed by a substantial increase to Rs 1,340 per sq.ft in 2017. The 2023 revision raised the value to Rs 2,000 per sq.ft, and the latest revision in 2024 set it at Rs 2,200 per sq.ft.

Notably, the guideline value increased by 10% from 2023 to 2024, and there was a significant rise of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017, while it surged by 300% from 2007 to 2012 and an astonishing 488% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 2,488%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, positioning Sangothaiamman Koil East Street's 2024 figure above this median.

• Sangothaiamman Koil North Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil South Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil West Street: Rs 2,200 per sq.ft (2024)
• Sanakran Thottam: Rs 1,700 per sq.ft (2024)
• Samuthra Dwaraga Salai: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sangothaiamman Koil East Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sangothaiamman Koil East Street?

The Sangothaiamman Koil East Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on established values.

Frequently asked questions

What is the current guideline value of Sangothaiamman Koil East Street?

The current guideline value of Sangothaiamman Koil East Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, increasing from Rs 85 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 2,488% over this period.

What is the land classification of Sangothaiamman Koil East Street?

The land classification for Sangothaiamman Koil East Street is Residential Class II Type - I.

Where can I find details about stamp duty and registration fees?

You can find details about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Sangothaiamman Koil East Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.