Guideline Value for Kothanda Ramapillai Thottam

Kothanda Ramapillai Thottam guideline value

The current guideline value of Kothanda Ramapillai Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kothanda Ramapillai Thottam has changed

The guideline value for Kothanda Ramapillai Thottam has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 800 per sq.ft. This figure increased dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking a 275% increase. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Kothanda Ramapillai Thottam's 2024 figure below this median.

• Kothandaramasamy Koil South Street: Rs 3,300 per sq.ft (2024)
• Kothandam Street Block 85: Rs 3,300 per sq.ft (2024)
• Kovalan Street (Pari Nagar): Rs 4,400 per sq.ft (2024)
• Kodikathakumaran Street: Rs 3,300 per sq.ft (2024)
• Kodambakkam Road West Block 64: Rs 8,200 per sq.ft (2024)
• Kodambakkam Road Block 64(Mettupalayam): Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kothanda Ramapillai Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Kothanda Ramapillai Thottam?

The Sub Registrar Office that covers Kothanda Ramapillai Thottam is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO here.

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

The guideline value is an essential factor in property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kothanda Ramapillai Thottam?

The current guideline value of Kothanda Ramapillai Thottam is Rs 3,300 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 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313%.

What is the land classification for Kothanda Ramapillai Thottam?

Kothanda Ramapillai Thottam is classified as Residential Class IV Type - II.

What are the stamp duty rates for properties in Kothanda Ramapillai Thottam?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.

Where can I find the Sub Registrar Office for Kothanda Ramapillai Thottam?

The Ashok Nagar Sub Registrar Office covers Kothanda Ramapillai Thottam, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.