Guideline Value for CO-OPERATIVE HOUSING SOCIETY (COURT OFFICIAL)

Co-Operative Housing Society (Court Official) guideline value

The current guideline value for Co-Operative Housing Society (Court Official) is Rs 7,150 per sq.ft, effective from 1 July 2024. This property is located in Thiruvanmiyur village under the Chennai South Joint I SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Co-Operative Housing Society (Court Official) has changed

Over the years, the guideline value for Co-Operative Housing Society (Court Official) has seen significant changes. The earliest recorded revision was in 2002, with a guideline value of Rs 837 per sq.ft. This increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value then rose by 40% to Rs 1,300 per sq.ft in 2007. In 2012, the guideline value increased dramatically by 400% to Rs 6,500 per sq.ft. However, it saw a decrease of 33% to Rs 4,355 per sq.ft in 2017. The value then rose by 49% to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,150 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 754%. The register has no figures for the years between 2012 and 2017 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft as of 2024. The median value for these streets is Rs 9,900 per sq.ft, indicating that the guideline value for Co-Operative Housing Society (Court Official) is below this median.

• Coastal Road: Rs 12,660 per sq.ft (2024)
• Cholapuram Street: Rs 7,150 per sq.ft (2024)
• Chitrakulath Street: Rs 7,150 per sq.ft (2024)
• Devendra Nagar: Rs 7,150 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 7,150 per sq.ft (2024)
• Chellaperumal Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Co-Operative Housing Society (Court Official)

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Co-Operative Housing Society (Court Official)?

The Co-Operative Housing Society (Court Official) is covered by 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 Thiruvanmiyur

When buying or selling property in Thiruvanmiyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark for calculating these fees, ensuring that they are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. This ensures transparency and helps in avoiding disputes during the registration process.

Frequently asked questions

What is the current guideline value for Co-Operative Housing Society (Court Official)?

The current guideline value for Co-Operative Housing Society (Court Official) is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 837 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 754%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 71,50,000, with a stamp duty of Rs 5,00,500 and a registration fee of Rs 1,43,000, totaling Rs 6,43,500.

Which office handles the registration for this property?

The registration for Co-Operative Housing Society (Court Official) is handled by 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.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that these fees are based on the official valuation of the property.