Guideline Value for CHINNAMMAN KOIL ST

Chinnamman Koil St guideline value

The current guideline value of Chinnamman Koil St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Chinnamman Koil St has changed

The guideline value for Chinnamman Koil St has seen several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which decreased to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in 2023, and then further rose to Rs 810 per sq.ft in the 2024 revision, marking a 25% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 25%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. Chinnamman Koil St's 2024 figure of Rs 810 per sq.ft is below the median.

• Church Street: Rs 1,310 per sq.ft (2024)
• Buddar St: Rs 935 per sq.ft (2024)
• Dhanalakshmi Nagar & Extn: Rs 1,310 per sq.ft (2024)
• Dhanalakshmiyammal St (Reddiyar Garden): Rs 1,310 per sq.ft (2024)
• Bharathiyar Street & Bharathi Avenue: Rs 1,310 per sq.ft (2024)
• Bharathiyar St: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would amount to Rs 56,700, and the registration fee at 2% would be Rs 16,200, leading to a total cost of Rs 72,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnamman Koil St?

The Sub Registrar Office that covers Chinnamman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers use this value to understand the official worth of a property during the registration process.

When a property is bought or sold, the registration office uses the guideline value to calculate the stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chinnamman Koil St?

The current guideline value of Chinnamman Koil St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification for Chinnamman Koil St?

The land classification for Chinnamman Koil St is Residential Class I Type - III.

Where can I find the registration office for Chinnamman Koil St?

The registration office for Chinnamman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Chinnamman Koil St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 810 per sq.ft, the stamp duty would be Rs 56,700 at 7% of the guideline value.