Guideline Value for CHINNAKOLATHUVANCHERI PILLAIYAR KOIL STREET

Chinnakolathuvancheri Pillaiyar Koil Street guideline value

The current guideline value of Chinnakolathuvancheri Pillaiyar Koil Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Chinnakolathuvancheri Pillaiyar Koil Street has changed

The guideline value for Chinnakolathuvancheri Pillaiyar Koil Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 900 per sq.ft in 2012, a rise of 80%. However, it then decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. Following this, the value significantly increased to Rs 900 per sq.ft in 2023, reflecting a rise of 49%, and finally reached Rs 990 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 98%. The values for the years are as follows: Rs 500 per sq.ft in 2007, Rs 900 per sq.ft in 2012, Rs 603 per sq.ft in 2017, Rs 900 per sq.ft in 2023, and Rs 990 per sq.ft in 2024.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Chinnakolathuvancheri Pillaiyar Koil Street's current guideline value is below this median.

• College Road: Rs 1,320 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 3rd Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakolathuvancheri Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value is Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnakolathuvancheri Pillaiyar Koil Street?

The Sub Registrar Office that covers Chinnakolathuvancheri Pillaiyar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kolathuvancheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is taken into account to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Chinnakolathuvancheri Pillaiyar Koil Street?

The current guideline value of Chinnakolathuvancheri Pillaiyar Koil Street is Rs 990 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 2007 to Rs 990 per sq.ft in 2024, showing an overall increase of 98% across the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Chinnakolathuvancheri Pillaiyar Koil Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Kolathuvancheri?

The median guideline value for streets in Kolathuvancheri is Rs 1,650 per sq.ft, which is higher than the current value of Chinnakolathuvancheri Pillaiyar Koil Street.