Guideline Value for Kohinoor 1st Street

Kohinoor 1st Street guideline value

The current guideline value of Kohinoor 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kohinoor 1st Street has changed

There are no figures available for Kohinoor 1st Street in the revisions for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,200 per sq.ft in the 2023 revision, which increased by 8% to Rs 1,300 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values as per the latest revision. The current rate of Rs 1,300 per sq.ft is the most recent figure available for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Kohinoor 1st Street's 2024 figure is below this median.

• Kohinoor 2nd Street: Rs 1,300 per sq.ft (2024)
• Kohinoor 3rd Street: Rs 1,300 per sq.ft (2024)
• K.M. Thottam: Rs 1,300 per sq.ft (2024)
• K.K.Thazhai Main Rd ( Ward No.2 ): Rs 1,600 per sq.ft (2024)
• K.K.Thazhai Cross Streets ( Ward No.3 ): Rs 1,300 per sq.ft (2024)
• Kolathur Haridass Naidu Street (Swamy Ramalingam Colony): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kohinoor 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kohinoor 1st Street?

The Kohinoor 1st Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

When buying or selling property in Madhavaram, the guideline value serves as a benchmark for determining the minimum value of the property for registration purposes. This value is crucial as it helps in calculating the stamp duty and registration fees applicable during the transaction.

It is important to note that the guideline value is updated periodically, and it is advisable for buyers and sellers to check the latest figures to ensure compliance with the registration requirements. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kohinoor 1st Street?

The current guideline value of Kohinoor 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kohinoor 1st Street was Rs 1,200 per sq.ft in 2023 and increased by 8% to Rs 1,300 per sq.ft in 2024. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft. Kohinoor 1st Street's current value is below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,300 per sq.ft incurs a total of Rs 1,17,000 in fees.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO through the provided link.