Guideline Value for SP KOIL STREET

Sp Koil Street guideline value

The current guideline value of Sp Koil Street is Rs 3,300 per sq.ft. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sp Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft, marking a drop of 33%. The value then increased significantly to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Sp Koil Street's 2024 figure above this median.

• Srinivasa Perumal Koil Street: Rs 3,850 per sq.ft (2024)
• Srinivasapillai Thottam: Rs 3,300 per sq.ft (2024)
• Sandhai Road: Rs 3,300 per sq.ft (2024)
• Station Road: Rs 3,300 per sq.ft (2024)
• Safaiwala Quarters: Rs 2,700 per sq.ft (2024)
• Tennary Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sp Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sp Koil Street?

The Sub Registrar Office that covers Sp Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Cantonment Pallavaram. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue from transactions. Buyers and sellers should be aware of this value as it directly impacts the overall cost of property transactions in the area.

Frequently asked questions

What is the current guideline value of Sp Koil Street?

The current guideline value of Sp Koil Street is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Sp Koil Street?

Sp Koil Street is classified as Residential Class I Type - II, which designates its use for residential purposes.

Where can I find the Sub Registrar Office for Sp Koil Street?

The Sub Registrar Office covering Sp Koil Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How do I calculate the stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value. For instance, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000, leading to specific fees for stamp duty and registration.