Guideline Value for KOOTTALI ST

Koottali St guideline value

The current guideline value of Koottali St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Koottali St has changed

The guideline value for Koottali St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 to 2024 change reflects a 10% increase, while the 2017 to 2023 change shows a notable 49% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the current guideline value for Koottali St.

• K.V.K.Samy St: Rs 990 per sq.ft (2024)
• Lal Bahadur Sasthiri St: Rs 990 per sq.ft (2024)
• Lasar Nagar 10th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 3rd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Koottali St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Koottali St?

The Sub Registrar Office that covers Koottali St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Paleripattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall transaction costs. Buyers should ensure that they are informed of the current guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Koottali St?

The current guideline value of Koottali St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Koottali St?

Koottali St is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the other streets with the same guideline value in Paleripattu?

Other streets in Paleripattu with the same guideline value of Rs 990 per sq.ft include K.V.K.Samy St and Lal Bahadur Sasthiri St.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.