Guideline Value for CHENNAI GOVT OFFICERS CO-OP BUILDING SOCIETY

Chennai Govt Officers Co-Op Building Society guideline value

The current guideline value for the Chennai Govt Officers Co-Op Building Society is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kandular village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Chennai Govt Officers Co-Op Building Society has changed

Over the years, the guideline value for the Chennai Govt Officers Co-Op Building Society has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision marked a decrease to Rs 402 per sq.ft, reflecting a -33% change from the previous figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 600 per sq.ft. As of the latest 2024 revision, the guideline value remains unchanged at Rs 600 per sq.ft, resulting in an overall change of +0% from 2012 to 2024.

Guideline values in Kandular

Kandular village has 20 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 600 to Rs 650 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value for the Chennai Govt Officers Co-Op Building Society.

• Green Hills Valley: Rs 600 per sq.ft (2024)
• Mullai Avenue: Rs 600 per sq.ft (2024)
• Pallava Garden: Rs 600 per sq.ft (2024)
• Rangayam Karupar Avenue: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - I: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase-II&iii: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Govt Officers Co-Op Building Society

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total charges to Rs 54,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Chennai Govt Officers Co-Op Building Society?

The Chennai Govt Officers Co-Op Building Society falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kandular. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When buying or selling property in the area, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Chennai Govt Officers Co-Op Building Society?

The current guideline value for the Chennai Govt Officers Co-Op Building Society is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023. The latest revision in 2024 also maintains this value.

What is the land classification for this property?

The land classification for the Chennai Govt Officers Co-Op Building Society is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot valued at Rs 600 per sq.ft, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles the registration for this property?

The registration for the Chennai Govt Officers Co-Op Building Society is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.