Guideline Value for KOKILAMBAL 3rd NAGAR

KOKILAMBAL 3rd NAGAR guideline value

The current guideline value of KOKILAMBAL 3rd NAGAR is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Okkiyamthuraipakkam village under the Neelankarai SRO and is classified as Residential Class III Type - I.

How the guideline value of KOKILAMBAL 3rd NAGAR has changed

The guideline value for KOKILAMBAL 3rd NAGAR has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,700 per sq.ft in 2024, marking a 13% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 13%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are a total of 453 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing KOKILAMBAL 3rd NAGAR's 2024 figure below this median.

• KOKILAMBAL 2nd NAGAR: Rs 1,700 per sq.ft (2024)
• KOKILAMBAL 4th NAGAR: Rs 1,700 per sq.ft (2024)
• KOKILAMBAL 1st NAGAR: Rs 1,700 per sq.ft (2024)
• KOKILAMBAL 5th NAGAR: Rs 1,700 per sq.ft (2024)
• KOKILAMBAL 6th NAGAR: Rs 1,700 per sq.ft (2024)
• Kokilambal Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in KOKILAMBAL 3rd NAGAR

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers KOKILAMBAL 3rd NAGAR?

The KOKILAMBAL 3rd NAGAR 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 is a crucial factor during the registration process of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property.

When a property is sold, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the registration process is consistent and transparent, based on the officially set guideline values.

Frequently asked questions

What is the current guideline value of KOKILAMBAL 3rd NAGAR?

The current guideline value of KOKILAMBAL 3rd 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 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of KOKILAMBAL 3rd NAGAR?

KOKILAMBAL 3rd NAGAR is classified as Residential Class III Type - I.

What are the other streets in Okkiyamthuraipakkam with the same guideline value?

Other streets in Okkiyamthuraipakkam that share the same guideline value of Rs 1,700 per sq.ft include KOKILAMBAL 1st NAGAR, KOKILAMBAL 2nd NAGAR, KOKILAMBAL 4th NAGAR, KOKILAMBAL 5th NAGAR, KOKILAMBAL 6th NAGAR, and Kokilambal Nagar.

Where can I find the Neelankarai Sub Registrar Office?

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