Guideline Value for KABALEE VANABOJANA THOTTAM

Kabalee Vanabojana Thottam guideline value

The current guideline value of Kabalee Vanabojana Thottam is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - I.

How the guideline value of Kabalee Vanabojana Thottam has changed

The guideline value for Kabalee Vanabojana Thottam has seen several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which was then reduced to Rs 3,685 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 5,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 6,000 per sq.ft.

In terms of percentage changes, the value increased by 9% from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 9%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Kabalee Vanabojana Thottam's 2024 figure below this median.

• Kabali Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• Kabaleeswarar South Mada Street: Rs 14,300 per sq.ft (2024)
• Kabali Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Kabaleeswarar Sannathi Street: Rs 15,400 per sq.ft (2024)
• Kabali Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Kabaleeswarar North Mada Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kabalee Vanabojana Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total charges to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kabalee Vanabojana Thottam?

The Sub Registrar Office that covers Kabalee Vanabojana Thottam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Mylapore. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a buyer or seller approaches the registration office, the guideline value is referenced to determine the applicable fees. This ensures that all property transactions are conducted transparently and in accordance with the established rates.

Frequently asked questions

What is the current guideline value of Kabalee Vanabojana Thottam?

The current guideline value of Kabalee Vanabojana Thottam is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then increased to Rs 5,500 per sq.ft in 2023, and finally reached Rs 6,000 per sq.ft in 2024.

What is the classification of land in Kabalee Vanabojana Thottam?

Kabalee Vanabojana Thottam is classified as Residential Class V Type - I according to the local land classification.

What is the stamp duty rate for properties in Kabalee Vanabojana Thottam?

The stamp duty rate for properties in Kabalee Vanabojana Thottam is 7% of the guideline value or the sale price, whichever is higher.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.