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Guideline Value

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Guideline Value for KOLAVILI AMMAN NAGAR 19TH STREET

₹1700/sq.ft.

The guideline value for Kolavili Amman Nagar 19th Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Kolavili Amman Nagar 19th Street

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Kolavili Amman Nagar 19th Street guideline value

The current guideline value of Kolavili Amman Nagar 19th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Kolavili Amman Nagar 19th Street has changed

The guideline value for Kolavili Amman Nagar 19th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded to Rs 1,500 per sq.ft in the 2023 revision, and subsequently increased to Rs 1,700 per sq.ft in the 2024 revision, reflecting a 13% rise.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 13%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Kolavili Amman Nagar 19th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Kolavili Amman Nagar 19th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kolavili Amman Nagar 19th Street?

The Kolavili Amman Nagar 19th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Palavakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When a buyer or seller engages in a transaction, the guideline value serves as a reference point to ensure that the property is valued appropriately for legal and tax purposes. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kolavili Amman Nagar 19th Street?

The current guideline value of Kolavili Amman Nagar 19th 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 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 1,700 per sq.ft in 2024.

What is the median guideline value in Palavakkam?

The median guideline value in Palavakkam is Rs 3,300 per sq.ft, which is higher than the current guideline value of Kolavili Amman Nagar 19th Street.

Which office handles the registration for Kolavili Amman Nagar 19th Street?

The Neelankarai Sub Registrar Office handles the registration for Kolavili Amman Nagar 19th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Kolavili Amman Nagar 19th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7%.