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Guideline Value

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Guideline Value for KOLADI KRISHNA NAGAR MAIN ROAD CROSS

₹1650/sq.ft.

The guideline value for Koladi Krishna Nagar Main Road Cross 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 Krishna Nagar Main Road Cross

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Koladi Krishna Nagar Main Road Cross guideline value

The current guideline value of Koladi Krishna Nagar Main Road Cross is Rs 1,650 per sq.ft, effective from 1 July 2024. This property 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 Krishna Nagar Main Road Cross has changed

The guideline value for Koladi Krishna Nagar Main Road Cross has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in 2017. However, the value increased significantly to Rs 1,500 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the value to Rs 1,650 per sq.ft, a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, 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 Krishna Nagar Main Road Cross is notably above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to 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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Koladi Krishna Nagar Main Road Cross?

The Koladi Krishna Nagar Main Road Cross is covered by 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 further assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It helps determine the stamp duty and registration fees that need to be paid, which are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers to ensure compliance with legal requirements and to accurately calculate the costs associated with property transactions.

Frequently asked questions

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

The current guideline value of Koladi Krishna Nagar Main Road Cross 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 are the other streets in Koladi with the same guideline value?

Other streets in Koladi with the same guideline value of Rs 1,650 per sq.ft for 2024 include Koladi Kaveri Nagar Main Road, Koladi Main Cross Road, Koladi Dulakanatham Man Koil Street, Koladi Main Road, Koladi Dulakanatham Man Koil Cross Street, and Koladi Mayana Road.

How is the stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,650 per sq.ft, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Koladi Krishna Nagar Main Road Cross?

The Sub Registrar Office for Koladi Krishna Nagar Main Road Cross is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO through the provided link.