Guideline Value for Church Koil Street

Church Koil Street guideline value

The current guideline value of Church Koil Street in Panchetty village is Rs 1,000 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Commercial Class I Type - I.

How the guideline value of Church Koil Street has changed

Over the years, the guideline value of Church Koil Street has seen several revisions. The 2007 revision recorded a value of Rs 700 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The value then remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register does not contain figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The overall change from the 2007 revision to the 2024 revision shows an increase of 43%. The guideline value has thus fluctuated over the years, reflecting the various revisions made by the authorities.

Guideline values in Panchetty

Panchetty village has a total of 46 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 300 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Church Koil Street.

• Church Koil 3rd Street: Rs 1,000 per sq.ft (2024)
• Church Koil 2nd Street: Rs 1,000 per sq.ft (2024)
• Church Koil 1st Street: Rs 1,000 per sq.ft (2024)
• Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Ganesh Nagar 1st Street: Rs 1,000 per sq.ft (2024)
• Ganesh Nagar Main Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Church 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 amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Koil Street?

The Sub Registrar Office that covers Church Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Panchetty. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Church Koil Street?

The current guideline value of Church 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 700 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification of Church Koil Street?

Church Koil Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for properties on Church Koil Street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Church Koil Street located?

The Sub Registrar Office for Church Koil Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.