Guideline Value for KOVALAM ROAD

Kovalam Road guideline value

The current guideline value of Kovalam Road is Rs 2,500 per sq.ft as per the 2023 revision. This street is located in Kelambakkam village under the Thiruporur SRO, classified as Commercial Class I Type - I.

How the guideline value of Kovalam Road has changed

Over the years, the guideline value of Kovalam Road has seen several revisions. In the 2007 revision, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, a reduction of 33%. The most recent revision in 2023 returned the guideline value to Rs 2,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

From the 2007 revision to the 2023 revision, the overall change is an increase of 400%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures provided for Kelambakkam. Kovalam Road's guideline value is Rs 2,500 per sq.ft. There are no other streets in Kelambakkam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Kovalam Road

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kovalam Road?

The Kovalam Road falls under the Thiruporur Sub Registrar Office located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kelambakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kovalam Road?

The current guideline value of Kovalam Road is Rs 2,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2012, then decreased to Rs 1,675 per sq.ft in 2017, and returned to Rs 2,500 per sq.ft in 2023.

What is the stamp duty rate for properties on Kovalam Road?

The stamp duty rate for properties on Kovalam Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kovalam Road located?

The Sub Registrar Office covering Kovalam Road is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Kelambakkam with guideline values?

Currently, there are no other streets in Kelambakkam listed under the Thiruporur SRO with guideline values provided.