Guideline Value for HIGH COURT EMPLOYEES CITY JUDICIAL OFFICERS CO-OP., HOUSING SOC.,

High Court Employees City Judicial Officers Co-Op., Housing Soc., guideline value

The current guideline value for High Court Employees City Judicial Officers Co-Op., Housing Soc., located in Okkiyamthuraipakkam village under the Neelankarai SRO is Rs 6,100 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - II land classification.

How the guideline value of High Court Employees City Judicial Officers Co-Op., Housing Soc., has changed

The guideline value for this property has seen several revisions over the years. In 2007, the value was Rs 1,334 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it decreased to Rs 3,685 per sq.ft in 2017. The value then rose sharply to Rs 5,500 per sq.ft in 2023, and most recently, it has increased to Rs 6,100 per sq.ft in 2024. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

From 2007 to 2012, the value increased by 312%, but then it fell by 33% from 2012 to 2017. The value saw a substantial rise of 49% from 2017 to 2023, followed by an 11% increase from 2023 to 2024. Overall, the guideline value has increased by 357% from 2007 to 2024.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the current guideline value of High Court Employees City Judicial Officers Co-Op., Housing Soc., above this median.

• Halis Garnet Street: Rs 2,800 per sq.ft (2024)
• INDIRA ENCALVE 1st STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 2nd STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 3rd STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 5th STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 6th STREET: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in High Court Employees City Judicial Officers Co-Op., Housing Soc.,

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, making the total cost for these fees Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers High Court Employees City Judicial Officers Co-Op., Housing Soc.,?

The Sub Registrar Office that covers High Court Employees City Judicial Officers Co-Op., Housing Soc., is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for High Court Employees City Judicial Officers Co-Op., Housing Soc.,?

The current guideline value for High Court Employees City Judicial Officers Co-Op., Housing Soc., is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,334 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024. There were fluctuations, including a decrease to Rs 3,685 per sq.ft in 2017 before rising again in subsequent years.

What is the land classification for this property?

The land classification for High Court Employees City Judicial Officers Co-Op., Housing Soc., is Residential Special Type - II. This classification affects the guideline value and property regulations in the area.

What is the registration office for this property?

The registration office for High Court Employees City Judicial Officers Co-Op., Housing Soc., is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

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 61,00,000, the stamp duty would be 7% of that amount.