Guideline Value for Sangazhinamman Koil Street

Sangazhinamman Koil Street guideline value

The current guideline value of Sangazhinamman Koil Street is Rs 2,530 per sq.ft. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Sangazhinamman Koil Street has changed

The guideline value for Sangazhinamman Koil Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft, which saw a significant increase to Rs 2,300 per sq.ft in the 2012 revision. However, this value decreased to Rs 1,541 per sq.ft in the 2017 revision. The 2023 revision raised the figure to Rs 2,300 per sq.ft, and the most recent 2024 revision has increased it further to Rs 2,530 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was a remarkable increase of 360%. However, the value then decreased by 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 406%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sangazhinamman Koil Street's 2024 figure above that median.

• Santhi Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar: Rs 2,200 per sq.ft (2024)
• Sairam Street: Rs 2,530 per sq.ft (2024)
• Sarma Street: Rs 2,530 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 1: Rs 2,530 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 2: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sangazhinamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty, charged at 7%, would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total cost to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sangazhinamman Koil Street?

The Sub Registrar Office that covers Sangazhinamman Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration of property. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sangazhinamman Koil Street?

The current guideline value of Sangazhinamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 406%.

What are the stamp duty rates for properties in Sangazhinamman Koil Street?

The stamp duty for properties in Sangazhinamman Koil Street is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sangazhinamman Koil Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

What is the land classification for Sangazhinamman Koil Street?

Sangazhinamman Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.