Guideline Value for KOTEESWARAN NAGAR

Koteeswaran Nagar guideline value

The current guideline value of Koteeswaran Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village under the Redhills SRO, classified as Residential Class I Type - II.

How the guideline value of Koteeswaran Nagar has changed

The guideline value for Koteeswaran Nagar has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and further rose to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Koteeswaran Nagar's 2024 figure below the median.

• Krish City: Rs 660 per sq.ft (2024)
• Krish City Phase - II: Rs 660 per sq.ft (2024)
• KUMARAN CITY Extn: Rs 660 per sq.ft (2024)
• Kumaran Nagr Part - II: Rs 550 per sq.ft (2024)
• Lake View Club: Rs 330 per sq.ft (2024)
• Lakeview Club Phase-II: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Koteeswaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total fees Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Koteeswaran Nagar?

Koteeswaran Nagar falls under the Redhills Sub Registrar Office located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Koteeswaran Nagar?

The current guideline value of Koteeswaran Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the registration office for Koteeswaran Nagar?

The registration office for Koteeswaran Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Koteeswaran Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be Rs 30,800.

What are the guideline values of other streets in Pammathukulam?

Other streets in Pammathukulam have varying guideline values, with rates ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft.