Guideline Value for Kohinoor 2nd Street

Kohinoor 2nd Street guideline value

The current guideline value of Kohinoor 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kohinoor 2nd Street has changed

The guideline value register for Kohinoor 2nd Street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 shows a guideline value of Rs 1,300 per sq.ft.

Since there are no figures for the previous years, there have been no changes recorded between the revisions for this street. The current value remains consistent with the 2024 revision.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values 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 2nd Street's 2024 figure is below this median.

• Kohinoor 1st 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)
• Kolathur Haridass Naidu Street (Swamy Ramalingam Colony): Rs 1,600 per sq.ft (2024)
• K.K.Thazhai Cross Streets ( Ward No.3 ): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kohinoor 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, bringing the total to Rs 1,17,000. 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 details on calculating these fees.

Which Sub Registrar Office covers Kohinoor 2nd Street?

The Kohinoor 2nd 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

The guideline value is a critical factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kohinoor 2nd Street?

The current guideline value of Kohinoor 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

What is the land classification of Kohinoor 2nd Street?

Kohinoor 2nd Street is classified as Residential Class III Type - I.

What are the other streets in Madhavaram with the same guideline value?

Other streets in Madhavaram with the same guideline value of Rs 1,300 per sq.ft include Kohinoor 1st Street, Kohinoor 3rd Street, and K.M. Thottam.

How is stamp duty calculated for properties in Kohinoor 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.