Guideline Value for COODALUR VILLAGE (WARD -9)

Coodalur Village (Ward -9) guideline value

The current guideline value of Coodalur Village (Ward -9) is Rs 551 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

The guideline value of Coodalur Village (Ward -9) has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. In the following years, the value increased significantly, reaching Rs 500 per sq.ft in 2023 and then rising to Rs 551 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 500 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur, there are a total of 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is equal to the current guideline value of Coodalur Village (Ward -9).

• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 551 per sq.ft (2024)
• Chendur Enclave: Rs 737 per sq.ft (2024)
• D.V.A.C.Nagar: Rs 550 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Friends Avenue: Rs 737 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 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total fees together to Rs 49,590. 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 Coodalur Village (Ward -9)?

The Sub Registrar Office that covers Coodalur Village (Ward -9) 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 Kadampur

The guideline value plays a crucial role during property transactions in Kadampur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with legal requirements during the registration process. It serves as a reference point for pricing and helps in the smooth execution of property transactions.

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 551 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 finally to Rs 551 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, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Coodalur Village (Ward -9)?

Stamp duty and registration fees in Coodalur Village (Ward -9) are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 5,51,000 would incur specific fees based on that value.