Guideline Value for KOTTIVAKKAM ERI STREET

Kottivakkam Eri Street guideline value

The current guideline value of Kottivakkam Eri Street is Rs 750 per sq.ft. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kottivakkam Eri Street has changed

The guideline value for Kottivakkam Eri Street has undergone several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, this figure saw a decrease of 33% to Rs 502 per sq.ft in 2017. The value remained at Rs 750 per sq.ft during the 2023 revision and continues to be the same in the 2024 revision, reflecting no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,150%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median of Rs 750 per sq.ft. The guideline value for Kottivakkam Eri Street is equal to this median.

• Keezhandai Kodi Srteet: Rs 750 per sq.ft (2024)
• Kavarai St: Rs 750 per sq.ft (2024)
• Kavadikkara St: Rs 750 per sq.ft (2024)
• Kasukkara Street: Rs 750 per sq.ft (2024)
• Karuppan Kovil Street: Rs 750 per sq.ft (2024)
• Kuppuswamy Nayagar Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kottivakkam Eri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total of Rs 67,500 for these charges. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kottivakkam Eri Street?

The Kottivakkam Eri Street falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Walajabad. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value is referenced to calculate the applicable fees. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kottivakkam Eri Street?

The current guideline value of Kottivakkam Eri Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and has remained at Rs 750 per sq.ft since 2023.

What is the median guideline value for streets in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, which is the same as the guideline value for Kottivakkam Eri Street.

What are the stamp duty and registration fees for Kottivakkam Eri Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,50,000, leading to a stamp duty of Rs 52,500 and a registration fee of Rs 15,000, totaling Rs 67,500.

Which office handles the registration for Kottivakkam Eri Street?

The registration for Kottivakkam Eri Street is handled by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.