Guideline Value for Sri Baleeswaran Koil Street

Sri Baleeswaran Koil Street guideline value

The current guideline value of Sri Baleeswaran Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Kolumanivakkam village under the Kunrathur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Sri Baleeswaran Koil Street has changed

The guideline value for Sri Baleeswaran Koil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 737 per sq.ft. Subsequently, the value increased to Rs 1,100 per sq.ft in the 2023 revision, and the most recent 2024 revision has set it at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for these streets is Rs 1,350 per sq.ft, which means that Sri Baleeswaran Koil Street's 2024 figure is below that median.

• Sri Kamachi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 1,350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,350 per sq.ft (2024)
• Sri Maruthi Nagar: Rs 880 per sq.ft (2024)
• Srinath Nagar: Rs 1,930 per sq.ft (2024)
• Srinivasa Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Baleeswaran Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, resulting in a total of Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Baleeswaran Koil Street?

The Sri Baleeswaran Koil Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kolumanivakkam, as it is used to determine the stamp duty and registration fees payable during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the associated costs.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and adheres to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Baleeswaran Koil Street?

The current guideline value of Sri Baleeswaran Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Sri Baleeswaran Koil Street?

Sri Baleeswaran Koil Street is classified as Residential Special Type - I.

What is the median guideline value for streets in Kolumanivakkam?

The median guideline value for the 47 streets in Kolumanivakkam is Rs 1,350 per sq.ft, which is above the current value of Sri Baleeswaran Koil Street.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.