Guideline Value

Corporate

Guideline Value for Koyambedu School Road

₹3300/sq.ft.

The guideline value for Koyambedu School Road in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Koyambedu School Road

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Koyambedu School Road guideline value

The current guideline value of Koyambedu School Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Koyakbedu village and falls under the jurisdiction of the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Koyambedu School Road has changed

Over the years, the guideline value of Koyambedu School Road has seen significant changes. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. This was a notable increase of 67%. However, between 2012 and 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The following revisions show a steady increase, with the value rising to Rs 3,000 per sq.ft in 2023, marking a 49% increase from the previous figure. The current guideline value is Rs 3,300 per sq.ft as per the 2024 revision, reflecting a 10% increase from 2023.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Koyambedu School Road is below this median.

Stamp duty and registration fee for property in Koyambedu School Road

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, making the total cost Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Koyambedu School Road?

The Koyambedu School Road is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 of property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When selling property, the seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures that the transaction is transparent and adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Koyambedu School Road?

The current guideline value of Koyambedu School Road 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 increased from Rs 1,800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 83% over the years.

What is the land classification of Koyambedu School Road?

Koyambedu School Road is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where can I find the AnnaNagar Sub Registrar Office?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Koyambedu?

Stamp duty is calculated based on 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 at 7%.