Guideline Value for KAVULBAZAAR MAIN ROAD

Kavulbazaar Main Road guideline value

The current guideline value of Kavulbazaar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Kavulbazaar Main Road has changed

The guideline value register for Kavulbazaar Main Road has no figures listed for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

Since there are no previous figures available for this street, there have been no changes recorded between revisions. The current rate reflects the only guideline value established for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Kavulbazaar Main Road's guideline value above this median.

• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Kirubananda Variyar Street: Rs 1,100 per sq.ft (2024)
• K.K. Sami Street: Rs 1,100 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• Karnan Nagar: Rs 1,320 per sq.ft (2024)
• Karaunadhi Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kavulbazaar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavulbazaar Main Road?

The Kavulbazaar Main Road is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property registration in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair price.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kavulbazaar Main Road?

The current guideline value of Kavulbazaar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Kavulbazaar Main Road taking place in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification for Kavulbazaar Main Road?

The land classification for Kavulbazaar Main Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at the rate of 7%.

Where can I find the Sub Registrar Office for property registration?

The Sub Registrar Office covering Kavulbazaar Main Road is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can also find your SRO for more information.