Guideline Value for Cox street

Cox street guideline value

The current guideline value of Cox street in Chindadripet village is Rs 2,900 per sq.ft, effective from 1 July 2024. This street falls under the Periamet SRO and is classified as Residential Class III Type - II.

How the guideline value of Cox street has changed

The guideline value for Cox street has seen several revisions over the years. The earliest recorded figure was Rs 600 per sq.ft in 2007. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 350%. However, the value then decreased to Rs 1,809 per sq.ft in 2017, a drop of 33%. The next revision in 2023 brought the value to Rs 2,700 per sq.ft, followed by the current figure of Rs 2,900 per sq.ft in 2024, which reflects a 7% increase from the previous year.

It is important to note that there are no recorded figures for Cox street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 383%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Cox street is below this median.

• Cox colony: Rs 2,900 per sq.ft (2024)
• Coovum River Road: Rs 3,200 per sq.ft (2024)
• Dams Road: Rs 11,000 per sq.ft (2024)
• Devaraj sarang lane: Rs 3,300 per sq.ft (2024)
• Chinna Kolandathai street: Rs 3,300 per sq.ft (2024)
• Dharmaraja koil street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Cox street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, leading to a total of Rs 2,61,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Cox street?

The Sub Registrar Office that covers Cox street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chindadripet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Cox street?

The current guideline value of Cox street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, reflecting an overall increase of 383% over the years.

What is the median guideline value in Chindadripet?

The median guideline value in Chindadripet is Rs 3,300 per sq.ft for the year 2024.

What are the stamp duty and registration fees for property in Cox street?

For a property valued at Rs 29,00,000, the stamp duty is Rs 2,03,000 and the registration fee is Rs 58,000, totaling Rs 2,61,000.

Where is the Sub Registrar Office for Cox street located?

The Sub Registrar Office for Cox street is located at 1103, Poonamallee High Road, Chennai-600 003.