Guideline Value for KOTTEESWARA RAO NAGAR

Kotteeswara Rao Nagar guideline value

The current guideline value of Kotteeswara Rao Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Kotteeswara Rao Nagar has changed

The guideline value for Kotteeswara Rao Nagar has seen significant changes over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in the 2024 revision, marking a 100% increase.

This substantial change reflects the current valuation trends. The 2024 figure of Rs 600 per sq.ft is the most recent and indicates a higher valuation compared to the previous year.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. Kotteeswara Rao Nagar's guideline value is above this median.

• Kannan Garden Ext: Rs 501 per sq.ft (2024)
• Kannan Garden: Rs 501 per sq.ft (2024)
• Logambigai Avenue: Rs 600 per sq.ft (2024)
• Mahaveer Nagar: Rs 501 per sq.ft (2024)
• Kailash Nagar: Rs 501 per sq.ft (2024)
• M.Krishnaswami Avenue: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Kotteeswara Rao Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kotteeswara Rao Nagar?

The Sub Registrar Office that covers Kotteeswara Rao Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is used to assess the applicable fees, ensuring that the transaction reflects the current market conditions as per the official records maintained by the Registration Department.

Frequently asked questions

What is the current guideline value of Kotteeswara Rao Nagar?

The current guideline value of Kotteeswara Rao Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 100%, from Rs 300 per sq.ft in 2023 to Rs 600 per sq.ft in 2024.

What is the land classification of Kotteeswara Rao Nagar?

Kotteeswara Rao Nagar is classified as Residential Class I Type - I.

Where can I find the registration office for Kotteeswara Rao Nagar?

The registration office for Kotteeswara Rao Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees reflect the current market conditions as per the official records maintained by the Registration Department.