Guideline Value for KAILASANATHAR KOVIL STREET

Kailasanathar Kovil Street guideline value

The current guideline value of Kailasanathar Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Kailasanathar Kovil Street has changed

The guideline value for Kailasanathar Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. However, the value rebounded significantly in the 2023 revision to Rs 2,000 per sq.ft, and further increased by 10% in the 2024 revision to the current rate of Rs 2,200 per sq.ft.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Kailasanathar Kovil Street.

• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalathumettu Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Street Ward-2: Rs 1,650 per sq.ft (2024)
• Jeevanatham Street: Rs 1,650 per sq.ft (2024)
• J.C.K. Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kailasanathar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kailasanathar Kovil Street?

The Kailasanathar Kovil Street is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is aligned with the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kailasanathar Kovil Street?

The current guideline value of Kailasanathar Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Kailasanathar Kovil Street?

Kailasanathar Kovil Street is classified as Residential Special Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Kailasanathar Kovil Street?

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