Guideline Value for SANGOTHAIAMMAN KOIL STREET

Sangothaiamman Koil Street guideline value

The current guideline value of Sangothaiamman Koil 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 Street has changed

The guideline value for Sangothaiamman Koil Street has undergone several revisions over the years. In 2003, the value was Rs 85 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. Following this, the value saw a remarkable rise of 300% to reach Rs 2,000 per sq.ft in 2012. However, it then decreased by 33% to Rs 1,340 per sq.ft in 2017. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, and finally settling at Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2,488%. It is important to note that the register has no figure for Sangothaiamman Koil Street in 2002.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Sangothaiamman Koil Street's 2024 guideline value is above this median.

• Sangothaiamman Koil South Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil West Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil North Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil East 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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 details.

Which Sub Registrar Office covers Sangothaiamman Koil Street?

The Sub Registrar Office that covers Sangothaiamman Koil Street is 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 additional 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, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the overall cost involved in the registration process. Buyers and sellers should ensure they understand these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sangothaiamman Koil Street?

The current guideline value of Sangothaiamman Koil 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 changed from Rs 85 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2,488% over this period.

What is the land classification for Sangothaiamman Koil Street?

Sangothaiamman Koil Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sangothaiamman Koil Street?

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

How is stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.