Guideline Value for KODIVALASAROAD

Kodivalasaroad guideline value

The current guideline value of Kodivalasaroad in Kodivalasa village is Rs 250 per sq.ft, effective from the 2024 revision. This street falls under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Kodivalasaroad has changed

The guideline value for Kodivalasaroad has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, this value dropped to Rs 167 per sq.ft in 2017 before rising again to Rs 250 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, while the change from 2012 to 2017 saw a decrease of 33%. The substantial rise from 2007 to 2012 was 317%. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Kodivalasa

Kodivalasa village has 17 streets under the Pallipattu SRO with the 2024 guideline values ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Kodivalasaroad above this median with its current value of Rs 250 per sq.ft.

• Mettustreet: Rs 250 per sq.ft (2024)
• MUNIYAPPAMUDALI St.,: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 250 per sq.ft (2024)
• Oddar Street: Rs 200 per sq.ft (2024)
• Ottavadaistreet: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kodivalasaroad

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kodivalasaroad?

The Kodivalasaroad falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodivalasa. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kodivalasaroad?

The current guideline value of Kodivalasaroad is Rs 250 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kodivalasa?

The median guideline value for the 17 streets in Kodivalasa is Rs 200 per sq.ft, with Kodivalasaroad's value being above this median at Rs 250 per sq.ft.

What are the stamp duty rates for property transactions in Kodivalasaroad?

The stamp duty for property transactions in Kodivalasaroad is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Kodivalasaroad?

The Sub Registrar Office covering Kodivalasaroad is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.