Guideline Value for Chinnamman Koil Street

Chinnamman Koil Street guideline value

The current guideline value of Chinnamman Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kathivakkam village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Chinnamman Koil Street has changed

Looking at the historical revisions, the guideline value for Chinnamman Koil Street has seen several changes. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a 200% increase. However, it then decreased to Rs 402 per sq.ft in 2017, a decline of 33%. The value rose significantly to Rs 1,000 per sq.ft in 2023, representing a 149% increase. The current rate remains the same at Rs 1,000 per sq.ft as per the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kathivakkam

Kathivakkam village has a total of 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,001 per sq.ft, placing Chinnamman Koil Street's 2024 figure below that median.

• Chinnakuppam: Rs 1,000 per sq.ft (2024)
• Church Road: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Darga Road (Railway Station South Side Road): Rs 1,100 per sq.ft (2024)
• Don Bosco Road: Rs 1,001 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty is calculated at 7%, amounting to Rs 70,000, and the registration fee is 2%, which is Rs 20,000. Together, the total fees would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnamman Koil Street?

The Sub Registrar Office that covers Chinnamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kathivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnamman Koil Street?

The current guideline value of Chinnamman Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting a total increase of 400% over the years.

What is the land classification for Chinnamman Koil Street?

Chinnamman Koil Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Chinnamman Koil Street?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Chinnamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.