Guideline Value for SANGOTHAIAMMAN KOIL NORTH STREET

Sangothaiamman Koil North Street guideline value

The current guideline value of Sangothaiamman Koil North Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Sangothaiamman Koil North Street has changed

The guideline value for Sangothaiamman Koil North Street has seen several revisions over the years. Starting from Rs 85 per sq.ft in 2003, it increased significantly to Rs 500 per sq.ft in 2007, marking a 488% rise. In 2012, the value was Rs 2,000 per sq.ft, which was a 300% increase from the previous revision. However, this value decreased by 33% to Rs 1,340 per sq.ft in 2017, before rising to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 2,488%.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, 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, placing Sangothaiamman Koil North Street's 2024 figure above the median.

• Sangothaiamman Koil East 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 North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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 or the sale price.

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

Which Sub Registrar Office covers Sangothaiamman Koil North Street?

The Sangothaiamman Koil North Street falls under 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 when registering property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that they are prepared for the fees based on the guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of Sangothaiamman Koil North 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 increased 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 the years.

What are the guideline values for other streets in Uthandi?

Other streets in Uthandi have varying guideline values, with rates ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value is Rs 1,700 per sq.ft.

What are the stamp duty and registration fees for a property in Sangothaiamman Koil North Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where can I find the Neelankarai Sub Registrar Office?

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