Guideline Value for KAVIMANI STREET (WARD -7)

Kavimani Street (Ward -7) guideline value

The current guideline value of Kavimani Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Kavimani Street (Ward -7) has changed

The guideline value for Kavimani Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and finally rose to Rs 1,320 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was 49%, while the value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, making Kavimani Street's current guideline value above this median.

• Kattapomman Salai (2nd Cross St): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran Street: Rs 1,320 per sq.ft (2024)
• Karumariamman Koil Street: Rs 440 per sq.ft (2024)
• Karumaan Kuttai: Rs 550 per sq.ft (2024)
• Kolatheswar Kovil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kavimani Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kavimani Street (Ward -7)?

The Sub Registrar Office that covers Kavimani Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Panangottur

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Kavimani Street (Ward -7)?

The current guideline value of Kavimani Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Kavimani Street?

Kavimani Street (Ward -7) is classified as Residential Special Type - V.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 1,18,800.

Where is the Sub Registrar Office for Kavimani Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.