Guideline Value for KOLADI CROSS STREET

Koladi Cross Street guideline value

The current guideline value of Koladi Cross Street in Koladi village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Koladi Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, which is a rise of 49%. The most recent revision in 2024 saw the value increase to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for Koladi Cross Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Koladi Cross Street is above this median.

• Koladi Abirami Nagar Main And Cross: Rs 1,650 per sq.ft (2024)
• Koladi Dulakanatham Man Koil Cross Street: Rs 1,650 per sq.ft (2024)
• Koladi Dulakanatham Man Koil Street: Rs 1,650 per sq.ft (2024)
• Koladi Kaveri Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Koladi Krishna Nagar Main Road Cross: Rs 1,650 per sq.ft (2024)
• Koladi Main Cross Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Koladi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Koladi Cross Street?

The Sub Registrar Office covering Koladi Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property in Koladi Cross Street, the guideline value will be used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Koladi Cross Street?

The current guideline value of Koladi Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increasing to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,650 per sq.ft in 2024.

What is the land classification of Koladi Cross Street?

Koladi Cross Street is classified as Residential Class I Type - II.

Where can I find information about other streets in Koladi?

Information about other streets in Koladi can be found in the guideline value register, which lists various streets and their respective guideline values.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,48,500 based on the current guideline value.