Guideline Value for Koyyathoppu 4th Street

Koyyathoppu 4th Street guideline value

The current guideline value of Koyyathoppu 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Koyyathoppu 4th Street has changed

The guideline value for Koyyathoppu 4th Street has seen revisions over the years. The 2012 revision recorded a value of Rs 2,500 per sq.ft. The most recent revision in 2024 has increased this to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure.

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

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 value for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Koyyathoppu 4th Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, 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 4th Street?

The Koyyathoppu 4th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that are payable during the transfer of property ownership.

When buying or selling property in Kodungaiyur, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is recorded at a value that reflects the official assessment of property worth, which is important for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Koyyathoppu 4th Street?

The current guideline value of Koyyathoppu 4th 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, which is an 8% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification of Koyyathoppu 4th Street?

Koyyathoppu 4th Street is classified as Residential Class I Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for properties here?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles the registration for Koyyathoppu 4th Street?

The Madhavaram Sub Registrar Office handles the registration for Koyyathoppu 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.