Guideline Value for Koyyathoppu Gandhi Nagar 5th Street

Koyyathoppu Gandhi Nagar 5th Street guideline value

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

In the 2012 revision, the guideline value for Koyyathoppu Gandhi Nagar 5th Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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 the area is Rs 2,700 per sq.ft, which matches the current value for Koyyathoppu Gandhi Nagar 5th Street.

• Koyyathoppu Gandhi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 2nd 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 Gandhi Nagar 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 would be 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 to 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 Gandhi Nagar 5th Street?

The Koyyathoppu Gandhi Nagar 5th Street falls under 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 during property registration in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the government's valuation of the property. This value is essential for calculating the applicable taxes and fees during the transaction process.

Frequently asked questions

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

The current guideline value of Koyyathoppu Gandhi Nagar 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. There was no change in the value between 2012 and 2023.

What is the land classification for Koyyathoppu Gandhi Nagar 5th Street?

Koyyathoppu Gandhi Nagar 5th Street is classified as Residential Class I Type - I.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be calculated using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Koyyathoppu Gandhi Nagar 5th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.