Guideline Value for Kohinoor 3rd Street

Kohinoor 3rd Street guideline value

The current guideline value of Kohinoor 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kohinoor 3rd Street has changed

The guideline value register for Kohinoor 3rd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which lists the value at Rs 1,300 per sq.ft.

Since there are no figures available for the previous revisions, it is important to note that the current guideline value remains unchanged from the last known figure, which is Rs 1,300 per sq.ft from the 2024 revision.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Kohinoor 3rd Street's guideline value is below this median.

• Kohinoor 2nd Street: Rs 1,300 per sq.ft (2024)
• Kohinoor 1st Street: Rs 1,300 per sq.ft (2024)
• K.M. Thottam: Rs 1,300 per sq.ft (2024)
• Kolathur Haridass Naidu Street (Swamy Ramalingam Colony): Rs 1,600 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)

Stamp duty and registration fee for property in Kohinoor 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kohinoor 3rd Street?

The Kohinoor 3rd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When a property is sold, the guideline value serves as a benchmark for calculating the fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kohinoor 3rd Street?

The current guideline value of Kohinoor 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

What land classification does Kohinoor 3rd Street fall under?

Kohinoor 3rd Street is classified as Residential Class III Type - I.

Are there any previous guideline values for Kohinoor 3rd Street?

The guideline value register shows no figures for Kohinoor 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value compare to other streets in Madhavaram?

The guideline value of Kohinoor 3rd Street is below the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.