Guideline Value for Co-Operative Nagar (Government Co-Op Nagar)

Co-Operative Nagar (Government Co-Op Nagar) guideline value

The current guideline value for Co-Operative Nagar (Government Co-Op Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Kathirvedu village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Co-Operative Nagar (Government Co-Op Nagar) has changed

The guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,206 per sq.ft. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kathirvedu

Kathirvedu features 78 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Co-Operative Nagar's 2024 figure above this median.

• Chelli Amman Nagar: Rs 1,300 per sq.ft (2024)
• Chelli Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Cannan Habitat: Rs 1,500 per sq.ft (2024)
• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Birla Avenue Extension (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Co-Operative Nagar (Government Co-Op Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Co-Operative Nagar (Government Co-Op Nagar)?

The Sub Registrar Office covering Co-Operative Nagar (Government Co-Op Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kathirvedu. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline values to understand their obligations during the registration process.

Frequently asked questions

What is the current guideline value for Co-Operative Nagar?

The current guideline value for Co-Operative Nagar (Government Co-Op Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 6% over this period.

What is the land classification for Co-Operative Nagar?

Co-Operative Nagar (Government Co-Op Nagar) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Co-Operative Nagar?

The Sub Registrar Office for Co-Operative Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated in Co-Operative Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at a rate of 7%.