Guideline Value for Kothandaramar Koil Street

Kothandaramar Koil Street guideline value

The current guideline value of Kothandaramar Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Kothandaramar Koil Street has changed

The guideline value for Kothandaramar Koil Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, this value dropped to Rs 1,206 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, showing a 24% increase, and further increased to the current value of Rs 1,980 per sq.ft in 2024, which is a 32% rise.

It is important to note that the register has no figures for Kothandaramar Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 890%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is the same as the current value for Kothandaramar Koil Street. Below are other streets in Thiruvancheri with their respective guideline values:

• Kulakarai Street: Rs 1,980 per sq.ft (2024)
• Kamaraj Street: Rs 1,980 per sq.ft (2024)
• L.S.S. Garden: Rs 1,980 per sq.ft (2024)
• Kalainger Street: Rs 2,530 per sq.ft (2024)
• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• J P Green Garden: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Kothandaramar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200 for these charges. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kothandaramar Koil Street?

The Kothandaramar Koil Street falls under 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 information.

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

The guideline value is a crucial reference point when registering property transactions in Thiruvancheri. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is assessed fairly for taxation purposes. It serves as a benchmark to prevent undervaluation of properties during registration.

Frequently asked questions

What is the current guideline value of Kothandaramar Koil Street?

The current guideline value of Kothandaramar Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What are the other streets in Thiruvancheri with similar guideline values?

Other streets in Thiruvancheri with a guideline value of Rs 1,980 per sq.ft include Kulakarai Street, Kamaraj Street, and L.S.S. Garden.

How is stamp duty calculated for properties in Kothandaramar Koil Street?

Stamp duty for properties in Kothandaramar Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kothandaramar Koil Street?

The Sub Registrar Office covering Kothandaramar Koil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.