Guideline Value for Kothavari street

Kothavari street guideline value

The current guideline value of Kothavari street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Kothavari street has changed

The guideline value for Kothavari street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,100 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 173%. However, the value then dropped to Rs 2,010 per sq.ft in the 2017 revision, a decrease of 33%. The subsequent revision in 2023 brought the value up to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for Kothavari street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Koyakbedu

Koyakbedu village features a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Kothavari street's 2024 figure below that median.

• Koyambedu School Road: Rs 3,300 per sq.ft (2024)
• Krishna Street: Rs 4,400 per sq.ft (2024)
• Kulasekarapuram: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 1st Main Road: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kothavari street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kothavari street?

Kothavari street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Kothavari street?

The current guideline value of Kothavari street 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 from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, an overall increase of 200% over the years.

What are the stamp duty and registration fees for property in Kothavari street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,97,000, based on the guideline value of Rs 33,00,000.

Which office handles registrations for Kothavari street?

The AnnaNagar Sub Registrar Office handles registrations for Kothavari street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, with Kothavari street's current value being below this median.