Guideline Value for KOLADI MAIN ROAD

Koladi Main Road guideline value

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

How the guideline value of Koladi Main Road has changed

The guideline value for Koladi Main Road has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose by 10% to the current Rs 1,650 per sq.ft in 2024.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koladi

Koladi village has a total of 175 streets under the Chennai South Joint II SRO, with 2024 guideline values ranging from Rs 660 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, making the current value of Koladi Main Road above this median.

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

Stamp duty and registration fee for property in Koladi 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 cost for these fees to Rs 1,48,500. Please note that 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 information.

Which Sub Registrar Office covers Koladi Main Road?

The Koladi Main Road 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 more details.

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

The guideline value plays a crucial role in the registration process 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 government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Koladi Main Road?

The current guideline value of Koladi 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 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 Main Road?

Koladi Main Road is classified as Residential Class I Type - II under the Chennai South Joint II SRO.

What are the registration fees for property in Koladi Main Road?

For a property valued at Rs 16,50,000, the stamp duty is Rs 1,15,500, and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Koladi Main Road?

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