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Guideline Value

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Guideline Value for KOLAVILI AMMAN NAGAR 23RD STREET

₹1700/sq.ft.

The guideline value for Kolavili Amman Nagar 23rd 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 23rd Street

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Kolavili Amman Nagar 23rd Street guideline value

The current guideline value of Kolavili Amman Nagar 23rd 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, classified as Residential Class IV Type - II.

How the guideline value of Kolavili Amman Nagar 23rd Street has changed

The guideline value for Kolavili Amman Nagar 23rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, up from Rs 1,500 per sq.ft in 2023, marking a 13% increase. Prior to this, the 2017 revision had the value at Rs 1,005 per sq.ft, which was a significant increase of 49% from the previous 2012 revision of Rs 1,500 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, comparing the 2012 revision to the current 2024 value, there has been a 13% increase. The fluctuation between the revisions shows a decrease of 33% from 2012 to 2017, followed by a steady increase leading up to the current guideline value.

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 guideline value in this area is Rs 3,300 per sq.ft, indicating that Kolavili Amman Nagar 23rd Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Kolavili Amman Nagar 23rd 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, charged at 7%, would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total to 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 23rd Street?

The Kolavili Amman Nagar 23rd Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

When a property is registered, the guideline value is used to calculate the applicable taxes and fees, ensuring that both parties are compliant with local regulations. It is essential for buyers to be aware of the guideline value to understand their financial obligations during the purchase process.

Frequently asked questions

What is the current guideline value of Kolavili Amman Nagar 23rd Street?

The current guideline value of Kolavili Amman Nagar 23rd 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 2023 to Rs 1,700 per sq.ft in 2024, a 13% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

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 value of Kolavili Amman Nagar 23rd Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Kolavili Amman Nagar 23rd Street is charged at 7% of the guideline value or sale price, whichever is higher.

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.