Guideline Value for KABILAR STREET

Kabilar Street guideline value

The current guideline value of Kabilar Street in SingaperumalKoil village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Kabilar Street has changed

Over the years, the guideline value of Kabilar Street has seen several revisions. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 700% increase. However, it then decreased to Rs 536 per sq.ft in 2017, a reduction of 33%. The value remained at Rs 800 per sq.ft from 2017 through the 2023 revision.

As of the 2024 revision, the guideline value has remained unchanged at Rs 800 per sq.ft, indicating a 0% change from the previous year. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Kabilar Street's 2024 figure below this median.

• Kambar Street: Rs 800 per sq.ft (2024)
• Kollamettu Street: Rs 1,100 per sq.ft (2024)
• G.S.T. Road: Rs 2,000 per sq.ft (2024)
• Kulakarai Street: Rs 800 per sq.ft (2024)
• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kabilar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kabilar Street?

Kabilar Street is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure that the registration process is compliant with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kabilar Street?

The current guideline value of Kabilar Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017, and remaining at Rs 800 per sq.ft from 2017 to 2024.

What is the median guideline value in SingaperumalKoil?

The median guideline value in SingaperumalKoil is Rs 1,100 per sq.ft, with Kabilar Street's 2024 figure being below this median.

What are the stamp duty and registration fees for Kabilar Street?

The stamp duty for a property valued at Rs 8,00,000 would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles property registrations for Kabilar Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Kabilar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.