Guideline Value for T.N.H.B. Oozhiyar Kudiyiruppu

T.N.H.B. Oozhiyar Kudiyiruppu guideline value

The current guideline value of T.N.H.B. Oozhiyar Kudiyiruppu is Rs 4,900 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class III Type - II.

How the guideline value of T.N.H.B. Oozhiyar Kudiyiruppu has changed

The guideline value for T.N.H.B. Oozhiyar Kudiyiruppu has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,210 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2012, marking a 272% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a 33% drop. The value continued to climb, reaching Rs 4,500 per sq.ft in 2023, and has now risen to Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 305%. The transition from 2017 to 2023 saw a notable rise of 49%, indicating a significant change in the property valuation landscape in this area.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which aligns with the current guideline value of T.N.H.B. Oozhiyar Kudiyiruppu.

• T.N. Munusamy Salai (K.K): Rs 6,000 per sq.ft (2024)
• Thulukkanam Naicken Street: Rs 4,100 per sq.ft (2024)
• Udayar Palayam Velayutham Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thulasiammal Nagar: Rs 3,300 per sq.ft (2024)
• Tholkappiar Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Surendran Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B. Oozhiyar Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty, charged at 7%, would be Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, these fees total Rs 4,41,000. It is important to note that 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 details.

Which Sub Registrar Office covers T.N.H.B. Oozhiyar Kudiyiruppu?

The T.N.H.B. Oozhiyar Kudiyiruppu area falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during registration.

Frequently asked questions

What is the current guideline value of T.N.H.B. Oozhiyar Kudiyiruppu?

The current guideline value of T.N.H.B. Oozhiyar Kudiyiruppu is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for T.N.H.B. Oozhiyar Kudiyiruppu?

The Ashok Nagar Sub Registrar Office handles property registrations for T.N.H.B. Oozhiyar Kudiyiruppu, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration price for properties, influencing the stamp duty and registration fees that must be paid during a transaction. It is essential for buyers and sellers to be aware of this value for compliance and accurate financial planning.