Guideline Value for KAVIMANI STREET FISRT THULUKANATHAMMAN KOIL P.G

Kavimani Street Fisrt Thulukanathamman Koil P.G guideline value

The current guideline value for Kavimani Street Fisrt Thulukanathamman Koil P.G is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Pallikaranai village and falls under the Chennai South Joint I SRO with a land classification of Residential Class IV Type - I.

How the guideline value of Kavimani Street Fisrt Thulukanathamman Koil P.G has changed

Over the years, the guideline value for Kavimani Street Fisrt Thulukanathamman Koil P.G has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a -33% change. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,650 per sq.ft, a 10% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the 2024 guideline value for Kavimani Street Fisrt Thulukanathamman Koil P.G.

• Kavimani Street First V.G.P. Shanthi Nagar (Geroge Avenue): Rs 1,650 per sq.ft (2024)
• Kavimani Street Extension: Rs 1,650 per sq.ft (2024)
• Kavimani Street/All Street: Rs 1,650 per sq.ft (2024)
• Kavimani Cross Street: Rs 1,650 per sq.ft (2024)
• Kavimani 3rd Street: Rs 1,650 per sq.ft (2024)
• Kavimani 2nd Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kavimani Street Fisrt Thulukanathamman Koil P.G

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 Kavimani Street Fisrt Thulukanathamman Koil P.G?

The Kavimani Street Fisrt Thulukanathamman Koil P.G area 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 Pallikaranai

The guideline value is a critical factor in the registration process for properties in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling a property, the guideline value serves as a benchmark for the transaction value. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Kavimani Street Fisrt Thulukanathamman Koil P.G?

The current guideline value for Kavimani Street Fisrt Thulukanathamman Koil P.G is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with notable changes in 2017 and 2023 revisions as well.

What is the land classification for this street?

Kavimani Street Fisrt Thulukanathamman Koil P.G is classified as Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office for Kavimani Street Fisrt Thulukanathamman Koil P.G is 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.