Guideline Value for K.A.B Viswanathan Street

K.A.B Viswanathan Street guideline value

The current guideline value of K.A.B Viswanathan Street is Rs 2,700 per sq.ft. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of K.A.B Viswanathan Street has changed

The guideline value of K.A.B Viswanathan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. However, this figure saw a significant increase in the 2023 revision, where the value rose to Rs 2,500 per sq.ft, and further increased to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, placing K.A.B Viswanathan Street's 2024 figure above that median.

• John Street: Rs 880 per sq.ft (2024)
• Kalaivani Street: Rs 1,300 per sq.ft (2024)
• Kamarajapuram Ambethkar Cross Street: Rs 1,900 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kambar Cross Street: Rs 2,400 per sq.ft (2024)
• Kambar Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in K.A.B Viswanathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, leading to a total cost of Rs 2,43,000. 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 K.A.B Viswanathan Street?

The Sub Registrar Office that covers K.A.B Viswanathan Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Rajakilpakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.A.B Viswanathan Street?

The current guideline value of K.A.B Viswanathan Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012, to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of K.A.B Viswanathan Street?

K.A.B Viswanathan Street is classified as Residential Special Type - I under the Tamil Nadu land classification system.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in K.A.B Viswanathan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.