Guideline Value for Kottaiyoor Colony Cross Street

Kottaiyoor Colony Cross Street guideline value

The current guideline value of Kottaiyoor Colony Cross Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kottaiyoor village under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Kottaiyoor Colony Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 175 per sq.ft. This figure decreased to Rs 117 per sq.ft in the 2017 revision, reflecting a drop of 33%. From 2017 to 2023, the value increased by 28%, bringing it back to Rs 150 per sq.ft, where it remained in the 2023 revision. The 2024 revision also holds the same value of Rs 150 per sq.ft, indicating no change from the previous year.

There are no registered figures for Kottaiyoor Colony Cross Street in the revisions from 2002, 2003, or 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has decreased by 14%.

Guideline values in Kottaiyoor

In Kottaiyoor village, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 900 per sq.ft. The median value among these streets is Rs 250 per sq.ft, making Kottaiyoor Colony Cross Street's 2024 figure below that median.

• Kottaiyoor Colony: Rs 150 per sq.ft (2024)
• Kings Avenue: Rs 250 per sq.ft (2024)
• Kullakarai Cross Street: Rs 200 per sq.ft (2024)
• Mariamman Kovil street: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 150 per sq.ft (2024)
• Friends City Layout: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kottaiyoor Colony Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kottaiyoor Colony Cross Street?

The Kottaiyoor Colony Cross Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottaiyoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the guideline value helps in assessing the appropriate taxes that need to be paid. It is essential for buyers and sellers 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 Kottaiyoor Colony Cross Street?

The current guideline value of Kottaiyoor Colony Cross Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision of Rs 175 per sq.ft, the value decreased to Rs 117 per sq.ft in 2017, then increased to Rs 150 per sq.ft in the 2023 revision, which remained the same in 2024.

What is the land classification for Kottaiyoor Colony Cross Street?

Kottaiyoor Colony Cross Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would be Rs 13,500.

Which Sub Registrar Office covers Kottaiyoor Colony Cross Street?

The Sunguvarchattram Sub Registrar Office covers Kottaiyoor Colony Cross Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.