Guideline Value for Koil Santhu Street Ward 11

Koil Santhu Street Ward 11 guideline value

The current guideline value of Koil Santhu Street Ward 11 is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Koil Santhu Street Ward 11 has changed

Over the years, the guideline value for Koil Santhu Street Ward 11 has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, the value then dropped by 33% to Rs 201 per sq.ft in 2017. The most significant change occurred from 2017 to 2023, where the value increased by 99%, bringing it back to Rs 400 per sq.ft. The guideline value remained unchanged at Rs 400 per sq.ft from the 2023 revision to the 2024 revision.

The register does not contain figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with the guideline value for Koil Santhu Street Ward 11.

• Kollaimedu Colony: Rs 250 per sq.ft (2024)
• Kothandaramar Nagar Ward 3: Rs 350 per sq.ft (2024)
• Kazhani Vellala Colony (Palla Colony) Ward 2: Rs 250 per sq.ft (2024)
• Kasturi Nagar: Rs 400 per sq.ft (2024)
• Karimedu: Rs 400 per sq.ft (2024)
• Kannai Koil Madha Street Ward 2: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Koil Santhu Street Ward 11

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which equals Rs 28,000, and the registration fee is charged at 2%, amounting to Rs 8,000. The total cost for stamp duty and registration fees together is Rs 36,000. 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 information.

Which Sub Registrar Office covers Koil Santhu Street Ward 11?

The Sub Registrar Office covering Koil Santhu Street Ward 11 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Acharapakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that both parties are aware of the minimum value recognized by the government. This value is essential for legal and financial transactions related to property.

Frequently asked questions

What is the current guideline value of Koil Santhu Street Ward 11?

The current guideline value of Koil Santhu Street Ward 11 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting a 100% increase overall. Notably, there was a significant 99% increase from 2017 to 2023.

What are the other streets in Acharapakkam with their guideline values?

Other streets in Acharapakkam include Kollaimedu Colony at Rs 250 per sq.ft, Kothandaramar Nagar Ward 3 at Rs 350 per sq.ft, and Kasturi Nagar at Rs 400 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Koil Santhu Street Ward 11?

The stamp duty for properties in Koil Santhu Street Ward 11 is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 36,000.

Which office handles property registrations in Acharapakkam?

The Acchirapakkam Sub Registrar Office handles property registrations in Acharapakkam. It is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.