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Guideline Value

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Guideline Value for KOLAVILI AMMAN NAGAR 8TH STREET

₹1700/sq.ft.

The guideline value for Kolavili Amman Nagar 8th 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 ₹1110 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹110 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹98 /sq.ft.
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 8th Street

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Kolavili Amman Nagar 8th Street guideline value

The current guideline value of Kolavili Amman Nagar 8th 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 8th Street has changed

The guideline value for Kolavili Amman Nagar 8th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 98 per sq.ft, which increased to Rs 110 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,110 per sq.ft in 2007, and then it further increased to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,700 per sq.ft. The changes between these revisions include a 13% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 35% increase from 2007 to 2012, a remarkable 909% increase from 2003 to 2007, and a 12% increase from 2002 to 2003.

Overall, from 2002 to 2024, the guideline value has increased by 1,635%. There are no figures available in the register for any other years 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, with a median value of Rs 3,300 per sq.ft. The guideline value of Kolavili Amman Nagar 8th Street is below this median.

Stamp duty and registration fee for property in Kolavili Amman Nagar 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kolavili Amman Nagar 8th Street?

The Kolavili Amman Nagar 8th 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 details.

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

When buying or selling property in Palavakkam, the guideline value is an essential factor in determining the official value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees, which are mandatory during the transaction process.

It is crucial to ensure that the sale price of the property is at least equal to the guideline value, as the higher of the two is used for calculating the applicable fees. This ensures compliance with local regulations and helps avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Kolavili Amman Nagar 8th Street?

The current guideline value of Kolavili Amman Nagar 8th 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 seen several revisions, starting from Rs 98 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024. The changes include significant increases and decreases at various intervals.

What is the land classification of Kolavili Amman Nagar 8th Street?

Kolavili Amman Nagar 8th Street is classified as Residential Class IV Type - II.

Which office handles the registration for Kolavili Amman Nagar 8th Street?

The Neelankarai Sub Registrar Office handles the registration for Kolavili Amman Nagar 8th Street, 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 8th Street?

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