Guideline Value for Koyyathoppu 2nd Street

Koyyathoppu 2nd Street guideline value

The current guideline value of Koyyathoppu 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Koyyathoppu 2nd Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. From 2012 to the 2024 revision, there has been an increase of 8%, raising the value to Rs 2,700 per sq.ft. The revisions for the years 2023, 2017, 2007, and 2003 have no figures recorded for this street in the register.

The most recent revision in 2024 reflects a consistent guideline value with other streets in the area, aligning with the median value for Kodungaiyur.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Koyyathoppu 2nd Street.

• Koyyathoppu 1st Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu 3rd Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu 4th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu 5th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu 6th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Koyyathoppu 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Koyyathoppu 2nd Street?

The Koyyathoppu 2nd Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the legal framework set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Koyyathoppu 2nd Street?

The current guideline value of Koyyathoppu 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Koyyathoppu 2nd Street?

Koyyathoppu 2nd Street is classified as Residential Class I Type - I. This classification is important for understanding the type of development permitted in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

Which office handles the registration for Koyyathoppu 2nd Street?

The Madhavaram Sub Registrar Office handles the registration for Koyyathoppu 2nd Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.