Guideline Value for Kodi Street

Kodi Street guideline value

The current guideline value of Kodi Street in Selvazhimagalam village is Rs 200 per sq.ft, effective from the 2024 revision. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kodi Street has changed

Looking at the historical revisions, the guideline value for Kodi Street has seen several changes over the years. In the 2012 revision, the value was Rs 200 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision marked a decrease to Rs 134 per sq.ft, but the value increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, reflecting a 0% change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Kodi Street. Overall, comparing the 2012 and 2024 revisions, there has been no change in the guideline value, maintaining the figure at Rs 200 per sq.ft.

Guideline values in Selvazhimagalam

In Selvazhimagalam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Kodi Street's 2024 figure at this median level.

• Kullakkarai Street: Rs 126 per sq.ft (2024)
• Mantheivelli Street: Rs 200 per sq.ft (2024)
• Jambodai Street: Rs 300 per sq.ft (2024)
• Jambodai Kurukku Street: Rs 300 per sq.ft (2024)
• Chennai Bangalore Main Road: Rs 500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kodi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kodi Street?

The Sub Registrar Office that covers Kodi Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Selvazhimagalam, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is essential for property transactions, ensuring that the correct fees are calculated based on the guideline value or the sale price, whichever is higher.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding these values helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Kodi Street?

The current guideline value of Kodi Street is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a drop to Rs 134 per sq.ft in 2017 before increasing back to Rs 200 per sq.ft in 2023.

What is the land classification of Kodi Street?

Kodi Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property in Kodi Street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for Kodi Street?

The Sub Registrar Office for Kodi Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.