Guideline Value for CHELLIAMMA N KOIL STREET

Chelliamma N Koil Street guideline value

The current guideline value of Chelliamma N Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Kadappakkam village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chelliamma N Koil Street has changed

The guideline value for Chelliamma N Koil Street has experienced several revisions over the years. In 2002, the guideline value was Rs 18 per sq.ft, which increased to Rs 20 per sq.ft in 2003. Following this, there was a significant rise to Rs 100 per sq.ft in 2007, and then it further increased to Rs 600 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2023, and currently, it stands at Rs 1,002 per sq.ft as of the 2024 revision.

The changes between these revisions reflect various adjustments. From 2002 to 2024, the overall increase is 5,467%. The jump from 2017 to 2023 was 149%, while the drop from 2012 to 2017 was 33%. The increase from 2007 to 2012 was 500%, and from 2003 to 2007, it was 400%. The increase from 2002 to 2003 was 11%. There are no years in the register with no figure for this street.

Guideline values in Kadappakkam

Kadappakkam village has 17 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 1,001 to Rs 1,200 per sq.ft, with the median being Rs 1,002 per sq.ft. Chelliamma N Koil Street's 2024 figure matches this median.

• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Andar Kuppam: Rs 1,002 per sq.ft (2024)
• Andal Nagar: Rs 1,002 per sq.ft (2024)
• Ambigeswari Nagar: Rs 1,002 per sq.ft (2024)
• Kamarajpuram: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamma N Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chelliamma N Koil Street?

The Sub Registrar Office that covers Chelliamma N 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 information.

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

The guideline value is a critical component in the registration process when buying or selling property in Kadappakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial implications involved in the transaction. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Chelliamma N Koil Street?

The current guideline value of Chelliamma N Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 18 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 5,467% over the years.

What is the land classification for Chelliamma N Koil Street?

Chelliamma N Koil Street is classified as Residential Class I Type - II, which indicates the type of development permitted in this area.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Kadappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at 7%.