Guideline Value

Corporate

Guideline Value for KOKILAMBAL 1st NAGAR

₹1700/sq.ft.

The guideline value for Kokilambal 1st Nagar in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kokilambal 1st Nagar

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KOKILAMBAL 1st NAGAR guideline value

The current guideline value of KOKILAMBAL 1st NAGAR is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of KOKILAMBAL 1st NAGAR has changed

The guideline value for KOKILAMBAL 1st NAGAR has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

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, indicating that KOKILAMBAL 1st NAGAR's 2024 figure is below this median.

Stamp duty and registration fee for property in KOKILAMBAL 1st NAGAR

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers KOKILAMBAL 1st NAGAR?

The KOKILAMBAL 1st NAGAR area falls under 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 plays a crucial role during the registration of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is bought or sold, the registration office uses the guideline value to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are collected based on the established values.

Frequently asked questions

What is the current guideline value of KOKILAMBAL 1st NAGAR?

The current guideline value of KOKILAMBAL 1st NAGAR is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, a 13% increase. It was Rs 1,005 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification of KOKILAMBAL 1st NAGAR?

KOKILAMBAL 1st NAGAR is classified as Residential Class III Type - I, indicating its designation for residential use.

Which Sub Registrar Office covers KOKILAMBAL 1st NAGAR?

The Neelankarai Sub Registrar Office covers KOKILAMBAL 1st NAGAR, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in KOKILAMBAL 1st NAGAR?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total costs would include stamp duty and registration fees, which can be calculated using the appropriate tools.