Guideline Value for Koyyathoppu 3rd Street

Koyyathoppu 3rd Street guideline value

The current guideline value of Koyyathoppu 3rd 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Koyyathoppu 3rd Street has changed

The guideline value for Koyyathoppu 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. Following this, the 2024 revision increased the value to Rs 2,700 per sq.ft, reflecting an 8% increase from the 2012 figure.

It is important to note that the register has no figure for this street in the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only available figures for this street are from the 2012 and 2024 revisions.

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 in this area is Rs 2,700 per sq.ft, which is equal to the current guideline value of Koyyathoppu 3rd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Koyyathoppu 3rd Street?

The Koyyathoppu 3rd 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 factor in property transactions in Kodungaiyur, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold, the guideline value serves as a benchmark for the sale price, ensuring that the transaction is recorded at a value that reflects the market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Koyyathoppu 3rd Street?

The current guideline value of Koyyathoppu 3rd 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 figures available for the years 2023, 2017, 2007, 2003, and 2002.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have a guideline value of Rs 2,700 per sq.ft as well, which is the same as Koyyathoppu 3rd Street. This includes Koyyathoppu 1st, 2nd, 4th, 5th, 6th Streets, and Koyyathoppu Gandhi Nagar 1st Street.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000.

Where can I find the Sub Registrar Office for Koyyathoppu 3rd Street?

The Madhavaram Sub Registrar Office covers Koyyathoppu 3rd Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information by visiting the appropriate link.