Guideline Value for KABILAR STREET

Kabilar Street guideline value

The current guideline value of Kabilar Street in Ekkaduthangal village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Kabilar Street has changed

The guideline value for Kabilar Street has seen several revisions over the years. In 2002, the value was Rs 410 per sq.ft, which increased to Rs 473 per sq.ft in 2003, marking a change of +15%. The value then rose significantly to Rs 1,000 per sq.ft in 2007, reflecting an increase of +111%. Following this, the guideline value reached Rs 3,200 per sq.ft in 2012, a substantial increase of +220%. However, it dropped to Rs 2,144 per sq.ft in 2017, showing a decrease of -33%. The value then increased to Rs 3,200 per sq.ft in 2023, and finally, the current value is Rs 3,520 per sq.ft in 2024, representing a change of +10% from the previous year.

Overall, from 2002 to 2024, Kabilar Street has experienced a remarkable increase of +759% in its guideline value.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median of Rs 4,620 per sq.ft. The guideline value for Kabilar Street is below this median.

• Jothi Nagar Main Rd: Rs 4,620 per sq.ft (2024)
• Jothi Nagar 2nd Cross St: Rs 3,520 per sq.ft (2024)
• Jothi Nagar 1st Cross St: Rs 3,520 per sq.ft (2024)
• Jothi Nagar: Rs 4,620 per sq.ft (2024)
• Kalaimagal Nagar 1st Cross Street: Rs 6,610 per sq.ft (2024)
• Kalaimagal Nagar 1st Main Road: Rs 6,610 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 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kabilar Street?

Kabilar Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ekkaduthangal. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the current guideline value to understand their financial obligations during the registration process.

When a property is registered, the guideline value serves as a benchmark for calculating the fees. It ensures that the transaction is documented accurately and reflects the value of the property as per the government records.

Frequently asked questions

What is the current guideline value of Kabilar Street?

The current guideline value of Kabilar Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 410 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, showing an overall increase of +759% over the years.

What is the land classification for Kabilar Street?

Kabilar Street is classified as Residential Class III Type - I under the Chennai South Joint I SRO.

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

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Kabilar Street?

Kabilar Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.