Guideline Value

Corporate

Guideline Value for KOLAVIZIAMMAN NAGAR

₹330/sq.ft.

The guideline value for Kolaviziamman Nagar in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Kolaviziamman Nagar

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Kolaviziamman Nagar guideline value

The current guideline value of Kolaviziamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village under the Thiruvottiyur SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Kolaviziamman Nagar has changed

The guideline value for Kolaviziamman Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 201 per sq.ft. The value then rose to Rs 300 per sq.ft in 2023, and the latest revision in 2024 has increased it further to Rs 330 per sq.ft, which is a 10% increase from the previous year.

Between the revisions, the guideline value has changed as follows: from 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. Kolaviziamman Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Kolaviziamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kolaviziamman Nagar?

The Sub Registrar Office that covers Kolaviziamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vichoor, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is used as a benchmark to calculate the applicable fees. This ensures that all transactions are fairly assessed and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Kolaviziamman Nagar?

The current guideline value of Kolaviziamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking an overall increase of 230% over the years.

What is the registration office for Kolaviziamman Nagar?

The registration office for Kolaviziamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Kolaviziamman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100.

What are the other streets in Vichoor with guideline values?

Other streets in Vichoor include Lakshmi Nagar All Phase and Lakshmi Nagar/Ext at Rs 330 per sq.ft, Kamaraj Nagar and Manjula Nagar at Rs 440 per sq.ft, and Jovan Nagar at Rs 485 per sq.ft.