Guideline Value for KAILASANATHAR KOIL STREET (Koil Land)

KAILASANATHAR KOIL STREET (Koil Land) guideline value

The current guideline value of KAILASANATHAR KOIL STREET (Koil Land) is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of KAILASANATHAR KOIL STREET (Koil Land) has changed

The guideline value for KAILASANATHAR KOIL STREET (Koil Land) has undergone several revisions over the years. In 2012, the guideline value was Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,000 per sq.ft in 2023, and further rose to Rs 5,400 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median value in this area is Rs 3,800 per sq.ft, placing KAILASANATHAR KOIL STREET (Koil Land) above this median.

• Kailash Colony (North Main Road): Rs 12,000 per sq.ft (2024)
• Kalaivanar Colony: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 1st STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 2nd STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 3rd STREET: Rs 2,200 per sq.ft (2024)
• KALAIVANAR COLONY 4th STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in KAILASANATHAR KOIL STREET (Koil Land)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total cost for these fees to Rs 4,86,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers KAILASANATHAR KOIL STREET (Koil Land)?

The Sub Registrar Office that covers KAILASANATHAR KOIL STREET (Koil Land) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed, and the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the fees are reflective of the property's value as determined by the government.

Frequently asked questions

What is the current guideline value of KAILASANATHAR KOIL STREET (Koil Land)?

The current guideline value of KAILASANATHAR KOIL STREET (Koil Land) is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 5,000 per sq.ft to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,400 per sq.ft in 2024.

What is the stamp duty for property in KAILASANATHAR KOIL STREET (Koil Land)?

The stamp duty for property in KAILASANATHAR KOIL STREET (Koil Land) is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for KAILASANATHAR KOIL STREET (Koil Land)?

The Sub Registrar Office for KAILASANATHAR KOIL STREET (Koil Land) is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

What is the land classification for KAILASANATHAR KOIL STREET (Koil Land)?

KAILASANATHAR KOIL STREET (Koil Land) is classified as Residential Class III Type - I.