Guideline Value for KABALI THOTTAM

Kabali Thottam guideline value

The current guideline value of Kabali Thottam is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - II.

How the guideline value of Kabali Thottam has changed

The guideline value for Kabali Thottam has undergone several revisions over the years. In 2002, the value was Rs 590 per sq.ft, which increased to Rs 656 per sq.ft in 2003, marking an 11% rise. The value saw a significant jump to Rs 900 per sq.ft in 2007, reflecting a 37% increase. By 2012, the value reached Rs 4,500 per sq.ft, which was a remarkable 400% increase from the previous revision. However, between 2012 and 2017, the value dropped to Rs 3,015 per sq.ft, indicating a decrease of 33%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, a substantial increase of 63% from the 2017 figure. It is important to note that the register has no figure for this street for the year 2023.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of Kabali Thottam is below this median.

• Kabali Nagar 5th Street: Rs 4,900 per sq.ft (2024)
• Kabali Nagar 4th Street: Rs 4,900 per sq.ft (2024)
• Kabali Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Kabali Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Kabali Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• Kabalee Vanabojana Thottam: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kabali Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. 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 more information.

Which Sub Registrar Office covers Kabali Thottam?

The Sub Registrar Office that covers Kabali 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 is a crucial factor during the registration of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately with the authorities. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kabali Thottam?

The current guideline value of Kabali Thottam is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 590 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 731% over the years.

What is the land classification of Kabali Thottam?

Kabali Thottam is classified as Residential Class V Type - II.

Where can I find the Sub Registrar Office for Kabali Thottam?

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

How is stamp duty calculated for properties in Kabali Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.