Guideline Value for SOUTH GANGAIAMMAN KOIL 1ST CROSS STREET, CHOOLAIMEDU

South Gangaiamman Koil 1st Cross Street, Choolaimedu guideline value

The current guideline value of South Gangaiamman Koil 1st Cross Street, Choolaimedu is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of South Gangaiamman Koil 1st Cross Street, Choolaimedu has changed

The guideline value for South Gangaiamman Koil 1st Cross Street has undergone several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft by 2012, marking a growth of 279%. However, the value saw a decline to Rs 3,551 per sq.ft in 2017, which was a decrease of 33%. The value then rose to Rs 5,300 per sq.ft in 2023, and currently stands at Rs 5,800 per sq.ft as of the 2024 revision, reflecting a 9% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 314%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value of South Gangaiamman Koil 1st Cross Street.

• South Gangaiamman Koil 1st Lane, Choolaimedu: Rs 5,800 per sq.ft (2024)
• South Gangaiamman Koil 1st Street, Choolaimedu: Rs 5,800 per sq.ft (2024)
• South Gangaiamman Koil 2nd Lane, Choolaimedu: Rs 5,800 per sq.ft (2024)
• South Mada Street: Rs 5,300 per sq.ft (2024)
• Sornambigai Street: Rs 3,800 per sq.ft (2024)
• South Sivan Koil Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in South Gangaiamman Koil 1st Cross Street, Choolaimedu

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, leading to a total of Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers South Gangaiamman Koil 1st Cross Street, Choolaimedu?

The South Gangaiamman Koil 1st Cross Street, Choolaimedu is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential for ensuring compliance with local regulations and accurately calculating the associated costs of the transaction.

Frequently asked questions

What is the current guideline value of South Gangaiamman Koil 1st Cross Street?

The current guideline value of South Gangaiamman Koil 1st Cross Street, Choolaimedu is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 314% over the years.

Which Sub Registrar Office covers this area?

The Kodambakkam Sub Registrar Office covers South Gangaiamman Koil 1st Cross Street, Choolaimedu, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Where can I find more information on stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.