Guideline Value for Kottaiyoor Colony

Kottaiyoor Colony guideline value

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

How the guideline value of Kottaiyoor Colony has changed

The guideline value for Kottaiyoor Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which decreased to Rs 117 per sq.ft in 2017. Following this, the value remained stable at Rs 150 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was an increase of 28%, but overall, from 2012 to 2024, the guideline value has decreased by 14%. The current rate of Rs 150 per sq.ft is consistent with the previous year's figure, reflecting stability in the guideline value in recent times.

Guideline values in Kottaiyoor

Kottaiyoor village has 18 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Kottaiyoor Colony's current value below this median.

• Kottaiyoor Colony Cross Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty, charged at 7%, would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kottaiyoor Colony?

The Kottaiyoor Colony is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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 critical factor during the registration of property transactions in Kottaiyoor. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the total expenses involved in the purchase.

Frequently asked questions

What is the current guideline value of Kottaiyoor Colony?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, and it has remained at Rs 150 per sq.ft for both 2023 and 2024.

What is the land classification of Kottaiyoor Colony?

Kottaiyoor Colony is classified as Residential Class III Type - I, which indicates its designation for residential purposes.

What are the stamp duty rates in Kottaiyoor Colony?

The stamp duty for property transactions in Kottaiyoor Colony is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kottaiyoor Colony located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.