Guideline Value for Solai Amman Koil Street (Koyyathoppu)

Solai Amman Koil Street (Koyyathoppu) guideline value

The current guideline value of Solai Amman Koil Street (Koyyathoppu) is Rs 2,200 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 II Type - I.

How the guideline value of Solai Amman Koil Street (Koyyathoppu) has changed

The guideline value for Solai Amman Koil Street (Koyyathoppu) has seen several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in that year. In 2003, 2007, 2017, and 2023, the register also has no figures for this street. The next revision occurred in 2012, setting the value at Rs 2,000 per sq.ft. This was a significant increase from the previous years, marking the first recorded value for this street.

The latest revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the 2012 figure. This increase highlights the adjustments made to the guideline value over the years, with the current rate now established as the most recent benchmark.

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 as of 2024. The median value for these streets is Rs 2,700 per sq.ft, positioning Solai Amman Koil Street (Koyyathoppu) below this median.

• Solaiamman Koil Street (T.H. Road): Rs 2,700 per sq.ft (2024)
• Solaiamman Koil 4th Street: Rs 2,700 per sq.ft (2024)
• Solaiamman Koil 3rd Street: Rs 2,700 per sq.ft (2024)
• Solaiamman Koil 2nd Street: Rs 2,700 per sq.ft (2024)
• Solaiamman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Solaiamman Koil 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Solai Amman Koil Street (Koyyathoppu)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 information.

Which Sub Registrar Office covers Solai Amman Koil Street (Koyyathoppu)?

The Sub Registrar Office that covers Solai Amman Koil Street (Koyyathoppu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair and standardized rate.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Solai Amman Koil Street (Koyyathoppu)?

The current guideline value of Solai Amman Koil Street (Koyyathoppu) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street was Rs 2,000 per sq.ft in 2012 and has increased by 10% to Rs 2,200 per sq.ft in 2024. There are no recorded figures for the years 2003, 2007, 2017, and 2023.

What is the land classification of Solai Amman Koil Street (Koyyathoppu)?

Solai Amman Koil Street (Koyyathoppu) is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.