Guideline Value for Sankothi Amman Koil Street

Sankothi Amman Koil Street guideline value

The current guideline value of Sankothi Amman Koil Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sankothi Amman Koil Street has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has shown a slight increase of 6%.

Guideline values in Gowrivakkam

Gowrivakkam has a total of 130 streets under the Selaiyur SRO, with guideline values ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the 2024 figure for Sankothi Amman Koil Street is below the median.

• Sankothi Amman Koil 2nd Street: Rs 950 per sq.ft (2024)
• Sankothi Amman Koil 1st Street: Rs 950 per sq.ft (2024)
• Santhi Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 1st street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 1st street-Right Side: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 2nd street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. Please 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 Sankothi Amman Koil Street?

The Sub Registrar Office that covers Sankothi Amman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Gowrivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the actual sale price must be compared to the guideline value. The higher of the two will be used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Sankothi Amman Koil Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then up to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

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

The Selaiyur Sub Registrar Office covers Sankothi Amman Koil Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value in Gowrivakkam?

The median guideline value in Gowrivakkam is Rs 2,200 per sq.ft, indicating that Sankothi Amman Koil Street's guideline value is below this median.