Guideline Value for KOVALAN ST, KAKKANJI NAGAR

Kovalan St, Kakkanji Nagar guideline value

The current guideline value of Kovalan St, Kakkanji Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kovalan St, Kakkanji Nagar has changed

The guideline value for Kovalan St, Kakkanji Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 800 per sq.ft. This remained unchanged until the next revision in 2017, which saw a decrease to Rs 536 per sq.ft. However, by the 2023 revision, the value increased significantly to Rs 800 per sq.ft again. The latest revision in 2024 has maintained this value at Rs 800 per sq.ft, indicating no change from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, where there was an increase of 49%. In contrast, the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the years from 2012 to 2024, the guideline value remains the same at Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Kovalan St's guideline value is below this median.

• K.M.Babu St (Charless Nagar): Rs 1,300 per sq.ft (2024)
• Kulakkarai St, Railway Northern Side: Rs 988 per sq.ft (2024)
• Kennady St, Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Kumaran Nagar: Rs 988 per sq.ft (2024)
• Kumaran Street (Chozhan Nagar): Rs 988 per sq.ft (2024)
• Kumaran Street (M.T.H.Road North): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kovalan St, Kakkanji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 information.

Which Sub Registrar Office covers Kovalan St, Kakkanji Nagar?

The Sub Registrar Office that covers Kovalan St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Thandurai. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. This value ensures that the property is assessed fairly for taxation purposes.

When a property is sold, the guideline value is used as a baseline for calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kovalan St, Kakkanji Nagar?

The current guideline value of Kovalan St, Kakkanji Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and remains at Rs 800 per sq.ft in 2024.

What is the land classification for Kovalan St, Kakkanji Nagar?

Kovalan St, Kakkanji Nagar is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 8,00,000, the total stamp duty and registration fees would amount to Rs 72,000, which includes Rs 56,000 for stamp duty and Rs 16,000 for registration fee.

Where is the Sub Registrar Office located for Kovalan St, Kakkanji Nagar?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.