Guideline Value for C.S.I. School Street

C.S.I. School Street guideline value

The current guideline value of C.S.I. School Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of C.S.I. School Street has changed

In the 2023 revision, the guideline value for C.S.I. School Street was Rs 2,500 per sq.ft. The increase from 2023 to 2024 is 8%, bringing the current value to Rs 2,700 per sq.ft. The register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

With the current 2024 figure of Rs 2,700 per sq.ft being equal to the median value for the 1318 streets in Kodungaiyur under the Madhavaram SRO, which ranges from Rs 1,900 to Rs 4,000 per sq.ft, this indicates a stable position within the local market.

Guideline values in Kodungaiyur

The guideline values in Kodungaiyur vary significantly, with a range from Rs 1,900 to Rs 4,000 per sq.ft. C.S.I. School Street's 2024 figure of Rs 2,700 per sq.ft matches the median value for the area.

• C.K. School Road: Rs 2,700 per sq.ft (2024)
• Chowdry Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Chinna Kodungaiyur Road (School Road): Rs 2,700 per sq.ft (2024)
• Chandra Sekar Nagar 9th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 8th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 7th Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.I. School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.S.I. School Street?

The Sub Registrar Office that covers C.S.I. School Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of C.S.I. School Street?

The current guideline value of C.S.I. School Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%.

What is the land classification for C.S.I. School Street?

C.S.I. School Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include C.K. School Road, Chowdry Nagar Main Road, and Chinna Kodungaiyur Road (School Road).

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.