Guideline Value

Corporate

Guideline Value for KOLADI MAYANA ROAD

₹1650/sq.ft.

The guideline value for Koladi Mayana 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 Mayana Road

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Koladi Mayana Road guideline value

The current guideline value of Koladi Mayana 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, and is classified as Residential Class I Type - II.

How the guideline value of Koladi Mayana Road has changed

Over the years, the guideline value for Koladi Mayana Road has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,500 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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, with a median value of Rs 1,100 per sq.ft. The guideline value of Koladi Mayana Road is above this median.

Stamp duty and registration fee for property in Koladi Mayana Road

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 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 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 more details.

Which Sub Registrar Office covers Koladi Mayana Road?

The Koladi Mayana 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 information.

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

The guideline value is a crucial factor when registering property in Koladi Mayana Road. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value serves as a benchmark for the transaction value. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Koladi Mayana Road?

The current guideline value of Koladi Mayana Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions: Rs 1,500 in 2012, Rs 1,005 in 2017, Rs 1,500 in 2023, and Rs 1,650 in 2024. The most significant change was a 49% increase from 2017 to 2023.

What are the other streets in Koladi with the same guideline value?

Other streets in Koladi that share the same guideline value of Rs 1,650 per sq.ft in 2024 include Koladi Main Road, Koladi Main Cross Road, Koladi Road, Koladi Krishna Nagar Main Road Cross, Koladi Selliamman Nagar Cross Street, and Koladi Kaveri Nagar Main Road.

What fees are associated with buying property on Koladi Mayana Road?

When purchasing property on Koladi Mayana Road, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Koladi Mayana Road?

The Sub Registrar Office covering Koladi Mayana Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information online.