Guideline Value for Kosa St

Kosa St guideline value

The current guideline value of Kosa St, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Kosa St has changed

The guideline value for Kosa St has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 205 per sq.ft. This increased to Rs 320 per sq.ft in 2007, followed by a significant rise to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The most recent revisions show an increase to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

There is no figure available for Kosa St in the 2002 revision. Overall, the guideline value has increased by 329% from Rs 205 per sq.ft in 2003 to the current Rs 880 per sq.ft in 2024.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Kosa St is below this median.

• Kondammapuram Street: Rs 3,300 per sq.ft (2024)
• Kommu Street: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 1,100 per sq.ft (2024)
• K.K. Nagar: Rs 1,100 per sq.ft (2024)
• KGP Nagar: Rs 1,320 per sq.ft (2024)
• Kumanan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kosa St

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kosa St?

Kosa St is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thiruvallur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

When engaging in a property transaction, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in assessing the appropriate fees and ensures that the transaction is legally recognized.

Frequently asked questions

What is the current guideline value of Kosa St?

The current guideline value of Kosa St is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 205 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 329% over the years.

What are the stamp duty rates for properties on Kosa St?

The stamp duty for properties on Kosa St is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kosa St located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Kosa St?

Kosa St falls under the Residential Class IV Type - I land classification.