Guideline Value for KOTHAI VANAM

Kothai Vanam guideline value

The current guideline value of Kothai Vanam is Rs 500 per sq.ft, effective from 1 July 2024. This village falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Kothai Vanam has changed

The guideline value for Kothai Vanam has seen several revisions over the years. In the 2017 revision, the value was Rs 335 per sq.ft. This remained unchanged at Rs 500 per sq.ft in the 2023 revision and continues to be Rs 500 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is also +49%. Notably, the guideline value remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Pazhayaseevaram -A

Pazhayaseevaram -A has a total of 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Kothai Vanam's 2024 figure above this median.

• Lakshmi Sri Nagar Part-I Ext-2: Rs 250 per sq.ft (2024)
• Ishwariya Nagar Phase-V: Rs 200 per sq.ft (2024)
• Ishwariya Nagar Phase-IV: Rs 200 per sq.ft (2024)
• Ishwariya Nagar phase-II: Rs 200 per sq.ft (2024)
• Ishwariya Nagar phase-I: Rs 200 per sq.ft (2024)
• Ishvariya Nagar Phase-III: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kothai Vanam

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total charges Rs 45,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Kothai Vanam?

The Kothai Vanam area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional assistance.

How the guideline value is used when you buy or sell in Pazhayaseevaram -A

The guideline value is a critical factor in the registration process for property transactions in Pazhayaseevaram -A. It determines the minimum value at which properties can be registered, ensuring that the state receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kothai Vanam?

The current guideline value of Kothai Vanam is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, while it increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification of Kothai Vanam?

Kothai Vanam is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Walajabad SRO located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kothai Vanam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000.