Guideline Value for KOTHAVALCHAVADI STREET EXTN.

Kothavalchavadi Street Extn. guideline value

The current guideline value of Kothavalchavadi Street Extn. is Rs 4,950 per sq.ft. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kothavalchavadi Street Extn. has changed

The guideline value for Kothavalchavadi Street Extn. has undergone several revisions over the years. In 2002, the guideline value was Rs 669 per sq.ft. This increased to Rs 838 per sq.ft in 2003, marking a 25% rise. The value continued to rise, reaching Rs 1,800 per sq.ft in 2007, which was an increase of 115% from the previous revision. By 2012, however, the value decreased to Rs 4,500 per sq.ft, a drop of 33%.

In 2017, the guideline value saw a significant increase to Rs 3,015 per sq.ft, which was a 49% rise from 2012. This upward trend continued, with the value reaching Rs 4,500 per sq.ft in 2023, and then further increasing to Rs 4,950 per sq.ft in the 2024 revision, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 640%.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making Kothavalchavadi Street Extn.'s 2024 figure above that median.

• Kothavalchavadi Street: Rs 4,950 per sq.ft (2024)
• Kodha Medu: Rs 3,300 per sq.ft (2024)
• Kulakkarai Street: Rs 4,950 per sq.ft (2024)
• Kavarai Street: Rs 4,950 per sq.ft (2024)
• Kuttadum Pillaiyar Koil Street: Rs 4,950 per sq.ft (2024)
• Karunagaran Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kothavalchavadi Street Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000. Together, the total cost for stamp duty and registration fee would be Rs 4,45,500. It is important to note that 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 Kothavalchavadi Street Extn.?

The Kothavalchavadi Street Extn. falls under the jurisdiction of the Chennai South Joint II 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 Saidapet

The guideline value is an essential factor in property transactions within Saidapet. It serves as a reference point for determining the stamp duty and registration fees when a property is bought or sold. The guideline value helps ensure that the transaction is recorded accurately and fairly.

When registering a property, buyers and sellers must consider the guideline value, as it is used to calculate the applicable duties and fees. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kothavalchavadi Street Extn.?

The current guideline value of Kothavalchavadi Street Extn. is Rs 4,950 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 669 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 640% over this period.

What is the registration office for Kothavalchavadi Street Extn.?

The registration office for Kothavalchavadi Street Extn. is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty rates for properties in Kothavalchavadi Street Extn.?

The stamp duty rate for properties in Kothavalchavadi Street Extn. is 7% of the guideline value or sale price, whichever is higher.

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

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.