Guideline Value for KABILAR STREET

Kabilar Street guideline value

The current guideline value of Kabilar Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Kabilar Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,300 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for Kabilar Street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions indicate a stable value from 2012 to 2023, followed by a notable increase in 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which aligns with the current value of Kabilar Street.

• Kabaleswaran Nagar: Rs 3,300 per sq.ft (2024)
• Juleka Street: Rs 2,160 per sq.ft (2024)
• Joy Nagar: Rs 3,520 per sq.ft (2024)
• Kakkilanchavadi: Rs 2,750 per sq.ft (2024)
• Kalaignar Street: Rs 2,750 per sq.ft (2024)
• Kalaigner Nagar: Rs 2,750 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Kabilar Street?

Kabilar Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value is a crucial reference point during property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees applicable when registering a property sale or purchase.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the registration fees are calculated based on a standardized value, which is essential for maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kabilar Street?

The current guideline value of Kabilar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Kabilar Street has remained at Rs 3,000 per sq.ft from 2012 to 2023, before increasing to Rs 3,300 per sq.ft in 2024. This represents a 10% increase from the previous revision.

Where can I find the registration office for Kabilar Street?

The registration office for Kabilar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Kabilar Street?

Kabilar Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft incurs a total of Rs 2,97,000 in fees.