Guideline Value for AALAVATTAMMAN KOIL STREET NORTH (WARD -9)

Aalavattamman Koil Street North (Ward -9) guideline value

The current guideline value of Aalavattamman Koil Street North (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village and falls under the Chengleput Joint Ii SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Aalavattamman Koil Street North (Ward -9) has changed

The guideline value for Aalavattamman Koil Street North has seen several revisions over the years. The earliest available figure is from the 2012 revision, which set the value at Rs 500 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 335 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 551 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The changes in the guideline value reflect the adjustments made by the authorities in response to various factors affecting property values in the area.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint Ii SRO that carry a 2024 guideline value. These values range from Rs 385 to Rs 2,200 per sq.ft, with the median value being Rs 551 per sq.ft. The guideline value of Aalavattamman Koil Street North is equal to this median, indicating its position within the broader context of property values in the village.

• Agraharam (Ward -9): Rs 551 per sq.ft (2024)
• Balaji Avenue (Ward -9): Rs 551 per sq.ft (2024)
• Chendur Enclave: Rs 737 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 551 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Aalavattamman Koil Street North (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty, charged at 7%, would be Rs 38,570, while the registration fee at 2% would be Rs 11,020. Together, these fees total Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aalavattamman Koil Street North (Ward -9)?

The Sub Registrar Office that covers Aalavattamman Koil Street North (Ward -9) is the Chengleput Joint Ii Sub Registrar Office. The address is 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kadampur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, which can be used for public services and infrastructure development.

Frequently asked questions

What is the current guideline value of Aalavattamman Koil Street North?

The current guideline value of Aalavattamman Koil Street North (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Aalavattamman Koil Street North?

The land classification for Aalavattamman Koil Street North is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint Ii Sub Registrar Office covers Aalavattamman Koil Street North, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot valued at Rs 5,51,000, the total stamp duty and registration fees would amount to Rs 49,590.