Guideline Value for Kuthadum Pillaiyar Koil Steet

Kuthadum Pillaiyar Koil Steet guideline value

The current guideline value of Kuthadum Pillaiyar Koil Steet is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Kuthadum Pillaiyar Koil Steet has changed

The guideline value for Kuthadum Pillaiyar Koil Steet has undergone several revisions since 2007. In 2007, the guideline value was Rs 620 per sq.ft, which saw a significant increase to Rs 3,000 per sq.ft in the 2012 revision, marking a change of +384%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a +10% increase from the 2012 figure.

There are no figures available for the years 2023, 2017, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +432%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Kuthadum Pillaiyar Koil Steet's 2024 guideline value is below this median.

• Kurunchi Street: Rs 3,300 per sq.ft (2024)
• Kuppusamy Mudali Street Block 85: Rs 4,100 per sq.ft (2024)
• Lake Street (Erikkarai Street)(N.P): Rs 3,300 per sq.ft (2024)
• Lakeview Road 2nd Lane (W.M): Rs 6,000 per sq.ft (2024)
• Lake View Road Extension (W.M): Rs 6,600 per sq.ft (2024)
• Lake View Road (W.M): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kuthadum Pillaiyar Koil Steet

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kuthadum Pillaiyar Koil Steet?

The Kuthadum Pillaiyar Koil Steet falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kuthadum Pillaiyar Koil Steet?

The current guideline value of Kuthadum Pillaiyar Koil Steet is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 620 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of +432%.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Ashok Nagar Sub Registrar Office covers Kuthadum Pillaiyar Koil Steet, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kuthadum Pillaiyar Koil Steet?

Kuthadum Pillaiyar Koil Steet is classified as Residential Class IV Type - II.