Guideline Value for Koil Cross Street

Koil Cross Street guideline value

The current guideline value of Koil Cross Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Koil Cross Street has changed

The guideline value for Koil Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it then decreased to Rs 1,139 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,700 per sq.ft, followed by a further increase to Rs 1,800 per sq.ft in 2024, representing a 6% change from the previous year.

Looking at the overall changes, from 2007 to 2024, the guideline value has increased by 260%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Koil Cross Street is below this median.

• Koil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Krishanamachari Street: Rs 1,600 per sq.ft (2024)
• Krishnamenan Street: Rs 1,600 per sq.ft (2024)
• Kesavapillai Koil Street: Rs 1,800 per sq.ft (2024)
• Kennady Street: Rs 2,400 per sq.ft (2024)
• Kaveri Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Koil Cross Street?

The Sub Registrar Office that covers Koil Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. It is essential to be aware of the current guideline value to understand the financial implications of your property transaction.

Frequently asked questions

What is the current guideline value of Koil Cross Street?

The current guideline value of Koil Cross Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, marking an overall increase of 260% since 2007.

What are the stamp duty and registration fees for properties in Koil Cross Street?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which Sub Registrar Office covers Koil Cross Street?

The Ambattur Sub Registrar Office covers Koil Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Koil Cross Street?

Koil Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.