Guideline Value for KOLADI DULAKANATHAM MAN KOIL CROSS STREET

Koladi Dulakanatham Man Koil Cross Street guideline value

The current guideline value of Koladi Dulakanatham Man Koil Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Koladi Dulakanatham Man Koil Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 1,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koladi

Koladi village has a total of 175 streets under the Chennai South Joint II SRO, with guideline values for 2024 ranging from Rs 660 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Koladi Dulakanatham Man Koil Cross Street's 2024 figure above this median.

• Koladi Cross Street: Rs 1,650 per sq.ft (2024)
• Koladi Dulakanatham Man Koil Street: Rs 1,650 per sq.ft (2024)
• Koladi Abirami Nagar Main And Cross: 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 Dulakanatham Man Koil 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 amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Koladi Dulakanatham Man Koil Cross Street?

The Koladi Dulakanatham Man Koil Cross Street is covered by the Chennai South Joint II Sub Registrar Office. The office is 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 details.

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

The guideline value plays a crucial role in property transactions in Koladi. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the applicable fees. This value serves as a standard reference point for transactions, ensuring that all parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Koladi Dulakanatham Man Koil Cross Street?

The current guideline value for Koladi Dulakanatham Man Koil 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 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 1,650 per sq.ft in 2024.

What is the land classification for Koladi Dulakanatham Man Koil Cross Street?

The land classification for Koladi Dulakanatham Man Koil Cross Street is Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office covering Koladi Dulakanatham Man Koil 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.

How is the stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.