Guideline Value for Solaiamman Koil 4th Street

Solaiamman Koil 4th Street guideline value

The current guideline value of Solaiamman Koil 4th 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 Solaiamman Koil 4th Street has changed

The guideline value for Solaiamman Koil 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally, the current value is Rs 2,700 per sq.ft as of the 2024 revision, marking an increase of 8% from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. 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, and 2007 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 value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Solaiamman Koil 4th Street.

• 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)
• Solai Amman Koil Street (Koyyathoppu): Rs 2,200 per sq.ft (2024)
• Solaiamman Koil Street (T.H. Road): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Solaiamman Koil 4th 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 amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 Solaiamman Koil 4th Street?

The Sub Registrar Office that covers Solaiamman Koil 4th Street is 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 based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of this value to understand the financial implications, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of Solaiamman Koil 4th Street?

The current guideline value of Solaiamman Koil 4th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the registration office for Solaiamman Koil 4th Street?

The registration office for Solaiamman Koil 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 1,89,000.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values, with some streets like Solaiamman Koil 3rd Street and Solaiamman Koil 1st Street also having a guideline value of Rs 2,700 per sq.ft in 2024.