Guideline Value for Sangothi Amman Koil Street

Sangothi Amman Koil Street guideline value

The current guideline value of Sangothi Amman Koil Street is Rs 800 per sq.ft. This street is located in Kolapakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sangothi Amman Koil Street has changed

Over the years, the guideline value of Sangothi Amman Koil Street has seen several revisions. The 2007 revision set the value at Rs 230 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft before rising again to Rs 800 per sq.ft in the 2023 revision.

From 2007 to 2012, there was a substantial increase of 248%. The value then decreased by 33% from 2012 to 2017. The most recent change from 2017 to 2023 shows an increase of 49%. Overall, from 2007 to 2023, the guideline value has increased by 248%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Sangothi Amman Koil Street's guideline value sits at Rs 800 per sq.ft.

Stamp duty and registration fee for property in Sangothi Amman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value is Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sangothi Amman Koil Street?

The Sub Registrar Office that covers Sangothi Amman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Kolapakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value as per the government norms.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sangothi Amman Koil Street?

The current guideline value of Sangothi Amman Koil Street is Rs 800 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 800 per sq.ft in 2023, reflecting an overall increase of 248% from 2007 to 2023.

What are the stamp duty and registration fees for property in Sangothi Amman Koil Street?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 72,000, which includes Rs 56,000 for stamp duty and Rs 16,000 for registration fees.

Which Sub Registrar Office handles registrations for Sangothi Amman Koil Street?

The Gooduvancheri Sub Registrar Office handles registrations for Sangothi Amman Koil Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there any other streets in Kolapakkam with guideline values?

Currently, there are no other streets listed in Kolapakkam under the Gooduvancheri SRO with specific guideline values provided.