Guideline Value for KESAVANAR STREET

Kesavanar Street guideline value

The current guideline value of Kesavanar Street is Rs 1,980 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 Mixed Type - II land.

How the guideline value of Kesavanar Street has changed

Looking at the historical revisions, the guideline value for Kesavanar Street has seen several changes. In 2012, the guideline value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and further rose to the current value of Rs 1,980 per sq.ft in 2024.

From 2017 to 2023, there was an increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, 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 guideline value for these streets is Rs 2,200 per sq.ft, placing Kesavanar Street's 2024 figure below that median.

• Kavarai Street Ward-4: Rs 1,980 per sq.ft (2024)
• Kavarai Street Ward-2: Rs 1,980 per sq.ft (2024)
• Kolunthuyamman Kovil Street: Rs 3,850 per sq.ft (2024)
• Kathan Street: Rs 1,980 per sq.ft (2024)
• Karimedu: Rs 1,100 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It's important to note that the 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 precise calculations.

Which Sub Registrar Office covers Kesavanar Street?

The Sub Registrar Office that covers Kesavanar Street 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 Chengalpattu Natham

The guideline value is a critical factor in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kesavanar Street?

The current guideline value of Kesavanar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft in 2024.

What are the other streets in Chengalpattu Natham?

Other streets in Chengalpattu Natham include Kavarai Street Ward-4, Kavarai Street Ward-2, Kolunthuyamman Kovil Street, Kathan Street, Karimedu, and Kancheepuram High Road, each with their respective guideline values.

What is the registration office for Kesavanar Street?

The registration office for Kesavanar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.