Guideline Value for Koyyathoppu 6th Street

Koyyathoppu 6th Street guideline value

The current guideline value of Koyyathoppu 6th 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 6th Street has changed

The guideline value for Koyyathoppu 6th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 8% from the previous year's figure of Rs 2,500 per sq.ft in 2023. Prior to this, the value remained unchanged at Rs 2,500 per sq.ft since the 2012 revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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 aligns with the current guideline value of Koyyathoppu 6th Street.

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

Stamp duty and registration fee for property in Koyyathoppu 6th 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. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Koyyathoppu 6th Street?

The Koyyathoppu 6th Street falls under 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 crucial factor during the registration of property transactions in Kodungaiyur. It serves as the benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When a property is sold, the guideline value is used to calculate the necessary fees, which are based on either the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Koyyathoppu 6th Street?

The current guideline value of Koyyathoppu 6th 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 increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. The value remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023.

What is the land classification for Koyyathoppu 6th Street?

Koyyathoppu 6th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Koyyathoppu 6th Street?

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total charges of Rs 2,43,000.

Which Sub Registrar Office manages Koyyathoppu 6th Street?

The Madhavaram Sub Registrar Office manages Koyyathoppu 6th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.