Guideline Value for Kosa street

Kosa street guideline value

The current guideline value of Kosa street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirupachur village, under the Tiruvallur Joint 1 SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Kosa street has changed

Over the years, the guideline value for Kosa street has seen several revisions. The earliest recorded figure is from 2007, set at Rs 50 per sq.ft. This increased significantly to Rs 550 per sq.ft in 2012, marking a 1000% rise. However, the value then decreased to Rs 368 per sq.ft in 2017, a drop of 33%. The subsequent revisions in 2023 and 2024 both maintained the value at Rs 550 per sq.ft, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to the level it had reached in 2012. Overall, from the 2007 figure of Rs 50 per sq.ft to the current 2024 figure of Rs 550 per sq.ft, there has been a remarkable increase of 1000%.

Guideline values in Thirupachur

Thirupachur village has 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the guideline value of Kosa street.

• Kottai Colony: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Manthoppu street: Rs 550 per sq.ft (2024)
• Kadai street: Rs 1,000 per sq.ft (2024)
• J. J.Nagar: Rs 400 per sq.ft (2024)
• Mettu street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kosa street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 details.

Which Sub Registrar Office covers Kosa street?

Kosa street falls under 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 Thirupachur

The guideline value is a critical factor in the registration process when buying or selling property in Thirupachur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of the financial obligations involved in the transfer of ownership. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kosa street?

The current guideline value of Kosa street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 50 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 1000% over this period.

What other streets have guideline values in Thirupachur?

Other streets in Thirupachur include Kottai Colony at Rs 300 per sq.ft, Kumaran Nagar at Rs 400 per sq.ft, and Kadai street at Rs 1,000 per sq.ft, among others.

Where can I find the registration office for Kosa street?

The registration office for Kosa street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Kosa street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 38,500.