Guideline Value

Corporate

Guideline Value for KOKILAMBAL 4th NAGAR

₹1700/sq.ft.

The guideline value for Kokilambal 4th 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 4th Nagar

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KOKILAMBAL 4th NAGAR guideline value

The current guideline value of KOKILAMBAL 4th NAGAR is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of KOKILAMBAL 4th NAGAR has changed

Over the years, the guideline value for KOKILAMBAL 4th NAGAR has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which later changed to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision established the current value at Rs 1,700 per sq.ft. The changes between these revisions include a 49% increase from 2017 to 2023 and a 13% increase from 2023 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has increased by 13%. The 2024 value of Rs 1,700 per sq.ft is below the median value of Rs 3,300 per sq.ft for the 453 streets in Okkiyamthuraipakkam under the Neelankarai SRO.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam village, the guideline values range from Rs 1,100 to Rs 8,800 per sq.ft as of 2024. KOKILAMBAL 4th NAGAR's guideline value is below the median of Rs 3,300 per sq.ft. Other streets in Okkiyamthuraipakkam include:

Stamp duty and registration fee for property in KOKILAMBAL 4th NAGAR

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total 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, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KOKILAMBAL 4th NAGAR?

KOKILAMBAL 4th 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of KOKILAMBAL 4th NAGAR?

The current guideline value of KOKILAMBAL 4th 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 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 for KOKILAMBAL 4th NAGAR?

KOKILAMBAL 4th NAGAR is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for KOKILAMBAL 4th NAGAR?

The Neelankarai Sub Registrar Office handles the registration for KOKILAMBAL 4th NAGAR, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.