Guideline Value for Koil Street (R.V. Nagar)

Koil Street (R.V. Nagar) guideline value

The current guideline value of Koil Street (R.V. Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Koil Street (R.V. Nagar) has changed

The guideline value for Koil Street (R.V. Nagar) has seen changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. From 2012 to the 2024 revision, the guideline value increased by 8%, bringing it to the current figure of Rs 2,700 per sq.ft.

There are no recorded guideline values for Koil Street (R.V. Nagar) in the years 2023, 2017, 2007, 2003, and 2002. Thus, the only revisions available are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making Koil Street's 2024 figure equal to this median.

• Kodungaiyur Industrial Estate: Rs 2,800 per sq.ft (2024)
• K.M. Nagar: Rs 2,700 per sq.ft (2024)
• K.M.C. Garden: Rs 2,700 per sq.ft (2024)
• K.M.A. Garden: Rs 2,700 per sq.ft (2024)
• Kovindasamy Street in R.V. Nagar: Rs 2,700 per sq.ft (2024)
• Koyyathoppu 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Koil Street (R.V. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the 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 Koil Street (R.V. Nagar)?

The Sub Registrar Office that covers Koil Street (R.V. Nagar) is 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 Kodungaiyur

The guideline value is crucial during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Koil Street (R.V. Nagar)?

The current guideline value of Koil Street (R.V. Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

What was the guideline value in 2012 for Koil Street (R.V. Nagar)?

In 2012, the guideline value for Koil Street (R.V. Nagar) was Rs 2,500 per sq.ft.

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the guideline value increased by 8%, from Rs 2,500 per sq.ft to Rs 2,700 per sq.ft.

Are there any years without a recorded guideline value for Koil Street (R.V. Nagar)?

Yes, there are no recorded guideline values for Koil Street (R.V. Nagar) in the years 2023, 2017, 2007, 2003, and 2002.

What is the classification of land for Koil Street (R.V. Nagar)?

Koil Street (R.V. Nagar) is classified as Residential Class I Type - I.