Guideline Value for KOLAVIZHI AMMAN KOIL 3RD STREET

Kolavizhi Amman Koil 3rd Street guideline value

The current guideline value of Kolavizhi Amman Koil 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Kolavizhi Amman Koil 3rd Street has changed

The guideline value for Kolavizhi Amman Koil 3rd Street has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then rose again to Rs 3,300 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. The overall change from 2012 to 2024 shows a 10% increase in the guideline value.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Kolavizhi Amman Koil 3rd Street is below this median.

• Kolavizhi Amman Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Kolavizhi Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Kolavizhi Amman Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Kolikaran Pettai 1st Lane: Rs 3,300 per sq.ft (2024)
• Kolaikaran Pettai 2nd Lane: Rs 3,300 per sq.ft (2024)
• Krishna Avenue: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kolavizhi Amman Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please 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 details.

Which Sub Registrar Office covers Kolavizhi Amman Koil 3rd Street?

The Sub Registrar Office covering Kolavizhi Amman Koil 3rd Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Mylapore. It is used to determine the stamp duty and registration fees that must be paid during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kolavizhi Amman Koil 3rd Street?

The current guideline value of Kolavizhi Amman Koil 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 3,000 per sq.ft in 2012, decreased to Rs 2,010 per sq.ft in 2017, increased to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Kolavizhi Amman Koil 3rd Street?

The Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018, covers Kolavizhi Amman Koil 3rd Street.

What is the land classification for Kolavizhi Amman Koil 3rd Street?

Kolavizhi Amman Koil 3rd Street is classified as Residential Class V Type - III.