Guideline Value for CHINNA VATTAMMAN KOVIL STREET (KOD)

Chinna Vattamman Kovil Street (Kod) guideline value

The current guideline value of Chinna Vattamman Kovil Street (Kod) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Chinna Vattamman Kovil Street (Kod) has changed

Over the years, the guideline value for Chinna Vattamman Kovil Street (Kod) has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and further rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

Goodaloor village has a total of 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,510 per sq.ft. The median value for these streets is Rs 660 per sq.ft, indicating that the guideline value of Chinna Vattamman Kovil Street (Kod) is below this median.

• Cmda -Gudaloor Scheme Block No.8: Rs 825 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 825 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Balaji Avenue (Ward -9): Rs 825 per sq.ft (2024)
• Astalakshmi Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Vattamman Kovil Street (Kod)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the 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 Chinna Vattamman Kovil Street (Kod)?

The Sub Registrar Office that covers Chinna Vattamman Kovil Street (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Goodaloor

The guideline value is a crucial factor when registering property transactions in Goodaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chinna Vattamman Kovil Street (Kod)?

The current guideline value of Chinna Vattamman Kovil Street (Kod) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and is now Rs 550 per sq.ft in 2024.

What is the land classification for Chinna Vattamman Kovil Street (Kod)?

The land classification for Chinna Vattamman Kovil Street (Kod) is Residential Class I Type - III.

What is the registration office for Chinna Vattamman Kovil Street (Kod)?

The registration office for Chinna Vattamman Kovil Street (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property in Chinna Vattamman Kovil Street (Kod)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 38,500.