Guideline Value for KODIKATHA KUMARAN STREET (WARD -8)

Kodikatha Kumaran Street (Ward -8) guideline value

The current guideline value of Kodikatha Kumaran Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Kodikatha Kumaran Street (Ward -8) has changed

The guideline value of Kodikatha Kumaran Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase of 10% from Rs 1,200 per sq.ft in 2023. Prior to that, the value was Rs 804 per sq.ft in 2017, reflecting a significant increase of 49% over the six years. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kodikatha Kumaran Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the 2024 guideline value of Kodikatha Kumaran Street above the median.

• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kolatheswar Kovil Street (Kr): Rs 660 per sq.ft (2024)
• Korukkanthangal Salai (Ward -18): Rs 550 per sq.ft (2024)
• Kothari Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Kothari Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kodikatha Kumaran Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kodikatha Kumaran Street (Ward -8)?

The Sub Registrar Office that covers Kodikatha Kumaran Street (Ward -8) is 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 more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates set by the government.

When a property is sold, the guideline value is used to assess the transaction's legitimacy and to ensure that the property is not sold below the established rates. This helps maintain transparency in property transactions and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Kodikatha Kumaran Street (Ward -8)?

The current guideline value of Kodikatha Kumaran Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the median guideline value for streets in Kattankollatur?

The median guideline value for streets in Kattankollatur is Rs 1,100 per sq.ft. The guideline value of Kodikatha Kumaran Street is above this median at Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kodikatha Kumaran Street?

The Chengleput Joint II Sub Registrar Office covers Kodikatha Kumaran Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.