Guideline Value for COODALUR VILLAGE (WARD -9)

Coodalur Village (Ward -9) guideline value

The current guideline value of Coodalur Village (Ward -9) is Rs 825 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Coodalur Village (Ward -9) has changed

Over the years, the guideline value for Coodalur Village (Ward -9) has seen several revisions. The 2012 revision set the rate at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and further rose to Rs 825 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median value is Rs 660 per sq.ft, making Coodalur Village (Ward -9) above this median.

• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Cmda -Gudaloor Scheme Block No.8: Rs 825 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 550 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)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Coodalur Village (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total charges to Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Coodalur Village (Ward -9)?

Coodalur Village (Ward -9) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 reference point used during the registration of property transactions. It serves as a basis for calculating stamp duty and registration fees, ensuring that these charges are applied fairly based on the property's assessed value.

When buying or selling property in Goodaloor, it is crucial to be aware of the current guideline value, as it directly influences the costs associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Coodalur Village (Ward -9)?

The current guideline value of Coodalur Village (Ward -9) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification of Coodalur Village (Ward -9)?

Coodalur Village (Ward -9) is classified as Residential Class I Type - I.

Where can I find the registration office for Coodalur Village (Ward -9)?

The registration office for Coodalur Village (Ward -9) 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 Coodalur Village (Ward -9)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value of Rs 825 per sq.ft, the total charges would include a stamp duty of 7% and a registration fee of 2% on the guideline value.