Guideline Value for KOLADI DULAKANATHAM MAN KOIL STREET

Koladi Dulakanatham Man Koil Street guideline value

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

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

The guideline value for Koladi Dulakanatham Man Koil Street has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,500 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Koladi

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

• Koladi Dulakanatham Man Koil Cross Street: Rs 1,650 per sq.ft (2024)
• Koladi Kaveri Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Koladi Cross Street: Rs 1,650 per sq.ft (2024)
• Koladi Krishna Nagar Main Road Cross: Rs 1,650 per sq.ft (2024)
• Koladi Abirami Nagar Main And 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 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, charged at 7%, would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. This brings the total fees to 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 accurate calculations.

Which Sub Registrar Office covers Koladi Dulakanatham Man Koil Street?

The Koladi Dulakanatham Man Koil Street falls under 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 plays a crucial role during the registration of property transactions in Koladi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

The current guideline value of Koladi Dulakanatham Man Koil 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 this street?

Koladi Dulakanatham Man Koil Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Koladi?

The Sub Registrar Office covering Koladi Dulakanatham Man Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.