Guideline Value for CHANDRAMMAN KOIL STREET

Chandramman Koil Street guideline value

The current guideline value of Chandramman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chandramman Koil Street has changed

The guideline value for Chandramman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 182 per sq.ft in 2003, marking a change of +16%. The value saw a significant rise to Rs 500 per sq.ft in 2007, reflecting a change of +175%. Following this, the value increased to Rs 1,200 per sq.ft in 2012, which was a +140% change. However, it decreased to Rs 804 per sq.ft in 2017, representing a decline of -33%. The upward trend resumed with the value reaching Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024, marking an increase of +8%.

Overall, from 2002 to 2024, the guideline value has increased by +728%. There are no figures available in the register for years not listed above.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Chandramman Koil Street's 2024 figure above this median.

• Chandran Street: Rs 1,300 per sq.ft (2024)
• Chinna Kannu Street / Chinna Kannu Naickan Street: Rs 1,001 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Devarajan Street: Rs 1,500 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)
• Dr.A.P.J. Abdul Kalam Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chandramman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandramman Koil Street?

The Sub Registrar Office that covers Chandramman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chinnasekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chandramman Koil Street?

The current guideline value of Chandramman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 157 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of +728%.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 13,00,000, with stamp duty at Rs 91,000 and registration fee at Rs 26,000, totaling Rs 1,17,000.

Which office handles property registration for Chandramman Koil Street?

The Thiruvottiyur Sub Registrar Office handles property registration for Chandramman Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating the applicable stamp duty and registration fees during property transactions.