Guideline Value for COODALUR VILLAGE COLONY (WARD -9)

Coodalur Village Colony (Ward -9) guideline value

The current guideline value of Coodalur Village Colony (Ward -9) is Rs 385 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

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

The guideline value for Coodalur Village Colony has undergone several revisions over the years. In 2012, the guideline value was Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 350 per sq.ft in 2023, and further rose to Rs 385 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 50%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft, with a median value of Rs 660 per sq.ft. Coodalur Village Colony (Ward -9) has a guideline value below this median.

• Coodalur Village (Ward -9): Rs 825 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 Colony (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, resulting in a total of Rs 34,650. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Coodalur Village Colony (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 plays a crucial role during property registration in Goodaloor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Coodalur Village Colony (Ward -9) is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

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

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

Where can I find the Sub Registrar Office for Coodalur Village Colony (Ward -9)?

The Sub Registrar Office covering Coodalur Village Colony (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Coodalur Village Colony (Ward -9)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 26,950.