Guideline Value

Corporate

Guideline Value for Kolathur Salai

₹2750/sq.ft.

The guideline value for Kolathur Salai in Kovilambakkam village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kovilambakkam

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹128 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹103 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kolathur Salai

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Kolathur Salai guideline value

The current guideline value of Kolathur Salai is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kovilambakkam village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Kolathur Salai has changed

Since the early 2000s, the guideline value of Kolathur Salai has seen significant changes. In 2002, the value was Rs 103 per sq.ft. It increased to Rs 128 per sq.ft in 2003, followed by a substantial rise to Rs 350 per sq.ft in 2007. The next revision in 2012 saw the value at Rs 2,500 per sq.ft, which then dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision brought it back up to Rs 2,500 per sq.ft, and the most recent 2024 revision set it at Rs 2,750 per sq.ft.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is a remarkable 2,570%. The jump from 2017 to 2023 was 49%, while the increase from 2012 to 2017 was a decrease of 33%. The revision from 2007 to 2012 saw a significant rise of 614%, and from 2003 to 2007, the increase was 173%. The change from 2002 to 2003 was 24%.

Guideline values in Kovilambakkam

Kovilambakkam village has 61 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,610 per sq.ft. The median value is Rs 2,750 per sq.ft, which is the same as the guideline value for Kolathur Salai.

Stamp duty and registration fee for property in Kolathur Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kolathur Salai?

The Sub Registrar Office that covers Kolathur Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kovilambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction.

When a property is sold, the sale price must be equal to or higher than the guideline value to ensure proper registration. This ensures that the transaction reflects the legal value of the property as per the guidelines set by the registration department.

Frequently asked questions

What is the current guideline value of Kolathur Salai?

The current guideline value of Kolathur Salai is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Kolathur Salai has changed significantly from Rs 103 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 2,570%.

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

Other streets in Kovilambakkam have varying guideline values, with Kbg Nagar and Karpagam Nagar both at Rs 2,750 per sq.ft, while several others are at Rs 2,160 per sq.ft.

What is the stamp duty rate for properties in Kolathur Salai?

The stamp duty rate for properties in Kolathur Salai is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kolathur Salai?

The Sub Registrar Office for Kolathur Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.