Guideline Value for DESAICHETTY STREET

Desaichetty Street guideline value

The current guideline value of Desaichetty Street is Rs 600 per sq.ft. This street is located in Kovalam village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Desaichetty Street has changed

The guideline value for Desaichetty Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 200%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. However, Desaichetty Street's guideline value stands at Rs 600 per sq.ft. There are no other streets in Kovalam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Desaichetty Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 Desaichetty Street?

The Sub Registrar Office that covers Desaichetty Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kovalam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that the guideline value serves as a benchmark for property transactions in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Desaichetty Street?

The current guideline value of Desaichetty Street is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and finally returned to Rs 600 per sq.ft in 2023.

What is the registration office for Desaichetty Street?

The registration office for Desaichetty Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Desaichetty Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.

Are there other streets in Kovalam with guideline values?

Currently, there are no other streets in Kovalam listed under the Thiruporur SRO with guideline values provided.