Guideline Value for KOLAVILI AMMAN NAGAR 12TH STREET

Kolavili Amman Nagar 12th Street guideline value

The current guideline value of Kolavili Amman Nagar 12th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kolavili Amman Nagar 12th Street has changed

The guideline value for Kolavili Amman Nagar 12th Street has undergone several revisions over the years. In 2002, the value was Rs 98 per sq.ft, which increased to Rs 110 per sq.ft in 2003, marking a 12% rise. Following this, the value saw a significant increase of 909% to Rs 1,110 per sq.ft in 2007. The value then rose to Rs 1,500 per sq.ft in 2012, reflecting a 35% increase. However, it dropped by 33% to Rs 1,005 per sq.ft in 2017. The value further increased to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,700 per sq.ft in 2024, which is a 13% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,635%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that the 2024 guideline value for Kolavili Amman Nagar 12th Street is below this median.

• Kolavili Amman Nagar 11th Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 13th Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 10th Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 14th Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 15th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kolavili Amman Nagar 12th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to 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 details.

Which Sub Registrar Office covers Kolavili Amman Nagar 12th Street?

The Kolavili Amman Nagar 12th Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Palavakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Kolavili Amman Nagar 12th Street?

The current guideline value of Kolavili Amman Nagar 12th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 98 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, representing an overall increase of 1,635% over the years.

What is the land classification for Kolavili Amman Nagar 12th Street?

The land classification for Kolavili Amman Nagar 12th Street is Residential Class IV Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available on our site.