Guideline Value for KOLATHESWAR KOVIL STREET (KR)

Kolatheswar Kovil Street (Kr) guideline value

The current guideline value of Kolatheswar Kovil Street (Kr) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kolatheswar Kovil Street (Kr) has changed

The guideline value for Kolatheswar Kovil Street (Kr) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by the current value of Rs 661 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Kolatheswar Kovil Street (Kr) below that median.

• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Korukkanthangal Salai (Ward -18): Rs 660 per sq.ft (2024)
• Kothari Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Kothari Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kolatheswar Kovil Street (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your specific fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kolatheswar Kovil Street (Kr)?

The Sub Registrar Office that covers Kolatheswar Kovil Street (Kr) 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 Peramanoor

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during property registration.

When a property is sold, the guideline value serves as a benchmark, and the registration office uses it to assess the appropriate fees. This ensures that all transactions are conducted transparently and fairly according to the established values in the area.

Frequently asked questions

What is the current guideline value of Kolatheswar Kovil Street (Kr)?

The current guideline value of Kolatheswar Kovil Street (Kr) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification of Kolatheswar Kovil Street (Kr)?

The land classification for Kolatheswar Kovil Street (Kr) is Residential Class I Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kolatheswar Kovil Street (Kr)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 46,270.