Guideline Value for Chokathamman Koil Street

Chokathamman Koil Street guideline value

The current guideline value of Chokathamman Koil Street is Rs 1,100 per sq.ft. This street is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chokathamman Koil Street has changed

The guideline value for Chokathamman Koil Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, a decrease of 33% from the previous figure. The most recent revision in 2023 saw the guideline value return to Rs 1,100 per sq.ft, reflecting a 49% increase from the 2017 revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 100%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Chokathamman Koil Street is among the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Chokathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is calculated at 7%, resulting in Rs 77,000, while the registration fee at 2% amounts to Rs 22,000. Together, these fees total Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chokathamman Koil Street?

The Sub Registrar Office that covers Chokathamman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the established rates. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Chokathamman Koil Street?

The current guideline value of Chokathamman Koil Street is Rs 1,100 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 100%, rising from Rs 550 per sq.ft to Rs 1,100 per sq.ft in 2023.

What were the guideline values in previous revisions?

The guideline values in previous revisions are as follows: Rs 550 per sq.ft in 2007, Rs 1,100 per sq.ft in 2012, and Rs 737 per sq.ft in 2017. The current value is Rs 1,100 per sq.ft as of 2023.

Is there a guideline value for 2024?

No, the register does not have a guideline value for Chokathamman Koil Street for the year 2024.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.