Guideline Value for Koil Street

Koil Street guideline value

The current guideline value of Koil Street in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Koil Street has changed

The guideline value for Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,072 per sq.ft, followed by an increase to Rs 1,600 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft. Notably, there are no figures available for the years 2002 and 2012 in the register for this street.

From 2003 to 2024, the overall increase in guideline value is 588%. The changes between revisions are as follows: from 2003 to 2007, there was a 17% increase; from 2007 to 2017, the increase was 257%; from 2017 to 2023, it rose by 49%; and finally, from 2023 to 2024, the value increased by 10%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Koil Street's 2024 guideline value is below this median.

• K.K.Sha Street (Indra Nagar): Rs 1,760 per sq.ft (2024)
• K.K.Sha 3rd Street: Rs 1,320 per sq.ft (2024)
• K.K.Sha 2nd Street: Rs 1,320 per sq.ft (2024)
• K.K.Sha 1st Street: Rs 1,320 per sq.ft (2024)
• Kenndy Nagar: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar Ist Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Koil Street?

Koil Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Koil Street?

The current guideline value of Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 588% over the years.

What is the land classification for Koil Street?

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

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties on Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,23,200 based on the current guideline value.