Guideline Value for ODDAR STREET

Oddar Street guideline value

The current guideline value of Oddar Street in Kodivalasa village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Class II Type - I.

How the guideline value of Oddar Street has changed

Oddar Street has seen several revisions in its guideline value over the years. The earliest revision listed is from 2007, where the guideline value was Rs 85 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a significant rise of 135%. However, in 2017, the value dropped to Rs 134 per sq.ft, a decrease of 33%. The value remained at Rs 200 per sq.ft in 2023 and has not changed in the 2024 revision, maintaining the same rate.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 200 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, Oddar Street has experienced a 135% increase in its guideline value.

Guideline values in Kodivalasa

In Kodivalasa, there are 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is the same as the current value for Oddar Street.

• Ottavadaistreet: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)
• MUNIYAPPAMUDALI St.,: Rs 200 per sq.ft (2024)
• Mettustreet: Rs 250 per sq.ft (2024)
• Ramannastreet: Rs 200 per sq.ft (2024)
• Santhusteeet: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Oddar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee at 2% amounts to Rs 4,000. Therefore, the total fees together come to Rs 18,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Oddar Street?

Oddar Street is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodivalasa. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Oddar Street?

The current guideline value of Oddar Street is Rs 200 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 85 per sq.ft to Rs 200 per sq.ft in 2024, marking an overall increase of 135% over the years.

What is the land classification of Oddar Street?

Oddar Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the registration office for Oddar Street?

The registration office covering Oddar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is the stamp duty calculated for property in Oddar Street?

Stamp duty for property in Oddar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same amount.