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Guideline Value

Corporate

Guideline Value for KOLADI KAVERI NAGAR MAIN ROAD

₹1650/sq.ft.

The guideline value for Koladi Kaveri Nagar Main Road in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Koladi Kaveri Nagar Main Road

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Koladi Kaveri Nagar Main Road guideline value

The current guideline value of Koladi Kaveri Nagar Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Koladi village under the Chennai South Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Koladi Kaveri Nagar Main Road has changed

The guideline value for Koladi Kaveri Nagar Main Road has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,500 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. The value then increased significantly to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in 2024.

When examining the changes, the 2023 to 2024 revision reflects a 10% increase. From 2017 to 2023, there was a notable increase of 49%. However, the 2012 to 2017 period experienced a decrease of 33%. 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 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 guideline value for Koladi Kaveri Nagar Main Road above this median.

Stamp duty and registration fee for property in Koladi Kaveri Nagar Main Road

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, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Koladi Kaveri Nagar Main Road?

The Koladi Kaveri Nagar Main Road falls under the jurisdiction of 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. For more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Koladi Kaveri Nagar Main Road. It is used to calculate the stamp duty and registration fees that must be paid during the sale or purchase of property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Koladi Kaveri Nagar Main Road?

The current guideline value of Koladi Kaveri Nagar Main Road 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 to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the classification of land on Koladi Kaveri Nagar Main Road?

Koladi Kaveri Nagar Main Road is classified as Residential Class I Type - II.

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

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Koladi Kaveri Nagar Main Road?

The Chennai South Joint II Sub Registrar Office handles property registrations for Koladi Kaveri Nagar Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.