Guideline Value for KODIYUDAIAMMAN NAGAR

Kodiyudaiamman Nagar guideline value

The current guideline value of Kodiyudaiamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vallur village, under the jurisdiction of the Thiruvottiyur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kodiyudaiamman Nagar has changed

The guideline value for Kodiyudaiamman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft. This was followed by a significant increase to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the guideline value to Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, which is equal to the 2024 figure for Kodiyudaiamman Nagar.

• K.M. Sundaram Nagar: Rs 220 per sq.ft (2024)
• Lakshmi Avenue: Rs 550 per sq.ft (2024)
• Kamatchi Puram: Rs 220 per sq.ft (2024)
• Kamatchi Nagar: Rs 220 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 220 per sq.ft (2024)
• Mahaveer Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kodiyudaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kodiyudaiamman Nagar?

The Sub Registrar Office covering Kodiyudaiamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty 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 Kodiyudaiamman Nagar?

The current guideline value for Kodiyudaiamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% overall. The value rose from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024.

What are the other streets with similar guideline values in Vallur?

Other streets in Vallur with a guideline value of Rs 220 per sq.ft in 2024 include K.M. Sundaram Nagar, Kamatchi Puram, Kamatchi Nagar, and Mahalakshmi Nagar.

What fees are associated with property registration in Kodiyudaiamman Nagar?

When registering property in Kodiyudaiamman Nagar, the buyer must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kodiyudaiamman Nagar located?

The Sub Registrar Office for Kodiyudaiamman Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.