Guideline Value for Koyyathoppu 5th Street

Koyyathoppu 5th Street guideline value

The current guideline value of Koyyathoppu 5th 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 5th Street has changed

The guideline value for Koyyathoppu 5th Street has undergone several revisions over the years. The earliest available figures are from 2012 and 2023, both recorded at Rs 2,500 per sq.ft. In 2024, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2017.

From 2012 to 2024, the overall change in the guideline value is an increase of 8%. The 2023 revision recorded a value of Rs 2,500 per sq.ft, which remained unchanged until the 2024 revision.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 aligns with the current value for Koyyathoppu 5th Street.

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

Stamp duty and registration fee for property in Koyyathoppu 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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, bringing the total charges to Rs 2,43,000. It is important to note that 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 information.

Which Sub Registrar Office covers Koyyathoppu 5th Street?

The Koyyathoppu 5th 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Koyyathoppu 5th Street?

The current guideline value of Koyyathoppu 5th 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 has changed from Rs 2,500 per sq.ft in 2012 and 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

What is the land classification of Koyyathoppu 5th Street?

Koyyathoppu 5th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Koyyathoppu 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.