Guideline Value for KOTHALAMMAN STREET

Kothalamman Street guideline value

The current guideline value of Kothalamman Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kothalamman Street has changed

The guideline value for Kothalamman Street has seen several revisions over the years. In 2002, the value was Rs 294 per sq.ft, which increased to Rs 339 per sq.ft in 2003, marking a 15% rise. Following this, the value climbed significantly to Rs 700 per sq.ft in 2007, which was an increase of 106%. The 2012 revision saw the value remain at Rs 3,200 per sq.ft, while in 2017 it dropped to Rs 2,144 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 3,200 per sq.ft in 2023, and finally reached Rs 3,520 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,097%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, placing Kothalamman Street's 2024 figure below this median.

• Kothandaraman Nagar: Rs 3,520 per sq.ft (2024)
• Kaveri Street: Rs 3,080 per sq.ft (2024)
• Kattabomman Street: Rs 4,620 per sq.ft (2024)
• Kasthuribai Gandhi Nagar: Rs 4,620 per sq.ft (2024)
• Karunai Street: Rs 3,080 per sq.ft (2024)
• Karpa Vinayagar Koil Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kothalamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration would be Rs 3,16,800. 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 detailed calculations.

Which Sub Registrar Office covers Kothalamman Street?

Kothalamman Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the taxes are calculated accurately. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kothalamman Street?

The current guideline value of Kothalamman Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 294 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Kothalamman Street?

Kothalamman Street is classified as Residential Class III Type - I.

Where can I find information about stamp duty and registration fees?

You can find detailed information and calculations regarding stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Kothalamman Street?

The registration for Kothalamman Street is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.