Guideline Value for HALLMARK APTS COODALUR VILLAGE (WARD -9)

Hallmark Apts Coodalur Village (Ward -9) guideline value

The current guideline value for Hallmark Apts Coodalur Village (Ward -9) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Goodaloor village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Hallmark Apts Coodalur Village (Ward -9) has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,000 per sq.ft. The most recent revision in 2024 has increased the value to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Hallmark Apts Coodalur Village (Ward -9) above that median.

• Green Town: Rs 737 per sq.ft (2024)
• Green City: Rs 825 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Golden Country (Ward -9): Rs 1,100 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Kadambur Main (Ward -9): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Hallmark Apts Coodalur Village (Ward -9)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Hallmark Apts Coodalur Village (Ward -9)?

The Hallmark Apts Coodalur Village (Ward -9) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Goodaloor. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the appropriate fees are calculated based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value for Hallmark Apts Coodalur Village (Ward -9)?

The current guideline value for Hallmark Apts Coodalur Village (Ward -9) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Hallmark Apts Coodalur Village (Ward -9)?

The land classification for Hallmark Apts Coodalur Village (Ward -9) is Residential Special Type - I.

Where can I find the registration office for Hallmark Apts Coodalur Village (Ward -9)?

The registration office for Hallmark Apts Coodalur Village (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Goodaloor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be calculated at 7% of that amount.