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Guideline Value

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Guideline Value for Chouthri Street (Kanadapalayam)

₹803/sq.ft.

The guideline value for Chouthri Street (kanadapalayam) in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 803 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹803 /sq.ft.
From 1-4-2023 ₹803 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chouthri Street (kanadapalayam)

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Chouthri Street (Kanadapalayam) guideline value

The current guideline value of Chouthri Street (Kanadapalayam) is Rs 803 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Chouthri Street (Kanadapalayam) has changed

The guideline value for Chouthri Street (Kanadapalayam) has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then increased to Rs 268 per sq.ft in the 2017 revision. This represented a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 200%, reaching Rs 803 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 803 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, placing Chouthri Street (Kanadapalayam) below this median.

Stamp duty and registration fee for property in Chouthri Street (Kanadapalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 803 per sq.ft, the total guideline value would be Rs 8,03,000. The stamp duty at 7% would amount to Rs 56,210, and the registration fee at 2% would be Rs 16,060, bringing the total to Rs 72,270. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Chouthri Street (Kanadapalayam)?

The Sub Registrar Office that covers Chouthri Street (Kanadapalayam) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both the buyer and seller are aware of the official valuation of the property.

During the registration process, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable fees. This system helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chouthri Street (Kanadapalayam)?

The current guideline value of Chouthri Street (Kanadapalayam) is Rs 803 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 803 per sq.ft in 2023 and 2024. Overall, this marks a 101% increase from 2012 to 2024.

What are the other streets in Kovilpathagai and their guideline values?

Other streets in Kovilpathagai have varying guideline values, with rates ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value or sale price.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. For more details, you can use the find your SRO link.