Guideline Value for KOLAVILI AMMAN NAGAR 20TH STREET

Kolavili Amman Nagar 20th Street guideline value

The current guideline value for Kolavili Amman Nagar 20th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Kolavili Amman Nagar 20th Street has changed

Over the years, the guideline value of Kolavili Amman Nagar 20th Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and finally, it was revised to Rs 1,700 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

The changes between the revisions reflect a 49% increase from 2017 to 2023, a 13% increase from 2023 to 2024, and a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a guideline value for 2024 ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Kolavili Amman Nagar 20th Street's 2024 figure below this median.

• Kolavili Amman Nagar 1st Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 21st Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 19th Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 22nd Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 18th Street: Rs 1,700 per sq.ft (2024)
• Kolavili Amman Nagar 23rd Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kolavili Amman Nagar 20th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total 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 cost 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.

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

Which Sub Registrar Office covers Kolavili Amman Nagar 20th Street?

The Kolavili Amman Nagar 20th 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kolavili Amman Nagar 20th Street?

The current guideline value of Kolavili Amman Nagar 20th 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 to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Kolavili Amman Nagar 20th Street?

Kolavili Amman Nagar 20th Street is classified as 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 is the stamp duty calculated for properties in Kolavili Amman Nagar 20th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,700 per sq.ft, the stamp duty would be Rs 1,19,000.