Guideline Value for SOUTH GANGAIAMMAN KOIL 1ST STREET, CHOOLAIMEDU

South Gangaiamman Koil 1st Street, Choolaimedu guideline value

The current guideline value of South Gangaiamman Koil 1st 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 Street, Choolaimedu has changed

The guideline value for South Gangaiamman Koil 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,400 per sq.ft, which significantly increased to Rs 5,300 per sq.ft in the 2012 revision. This figure remained unchanged in the 2023 revision. The most recent 2024 revision has raised the guideline value to Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%. Notably, the register has no figures for this street in the years 2002, 2003, and 2017.

Guideline values in Puliyur

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

• South Gangaiamman Koil 1st Lane, Choolaimedu: Rs 5,800 per sq.ft (2024)
• South Gangaiamman Koil 2nd Lane, Choolaimedu: Rs 5,800 per sq.ft (2024)
• South Gangaiamman Koil 1st Cross Street, 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 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 is charged at 7%, resulting in Rs 4,06,000, while the registration fee at 2% amounts to Rs 1,16,000. Together, the total cost for stamp duty and registration fee is 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 more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers South Gangaiamman Koil 1st Street, Choolaimedu is 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 plays a crucial role in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is registered, the guideline value serves as a reference point to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures compliance with the local regulations.

Frequently asked questions

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

The current guideline value of South Gangaiamman Koil 1st 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 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.

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

For a property valued at Rs 58,00,000, the stamp duty is Rs 4,06,000 and the registration fee is Rs 1,16,000, totaling Rs 5,22,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for South Gangaiamman Koil 1st Street?

The Kodambakkam Sub Registrar Office handles property registrations for South Gangaiamman Koil 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for South Gangaiamman Koil 1st Street?

The land classification for South Gangaiamman Koil 1st Street is Residential Class I Type - I, indicating its suitability for residential development.