Guideline Value for Kabaleeswarar Nagar

Kabaleeswarar Nagar guideline value

The current guideline value of Kabaleeswarar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pattravakkam village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Kabaleeswarar Nagar has changed

The guideline value for Kabaleeswarar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, there was a significant drop to Rs 536 per sq.ft in 2017. From 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 87%. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,900 per sq.ft, with a median value of Rs 1,500 per sq.ft. Kabaleeswarar Nagar's current value is below this median.

• Kamatchi Nagar: Rs 1,100 per sq.ft (2024)
• Kannan Koil Street: Rs 1,500 per sq.ft (2024)
• Kanniamman Koil Street: Rs 1,100 per sq.ft (2024)
• Karukku Main Road: Rs 2,200 per sq.ft (2024)
• Karukku Utkadai Paguthi & Street & Lanes: Rs 1,500 per sq.ft (2024)
• Gurumoorthi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kabaleeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, together totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kabaleeswarar Nagar?

Kabaleeswarar Nagar falls under the Konnur Sub Registrar Office located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pattravakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Nagar?

The current guideline value of Kabaleeswarar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the land classification of Kabaleeswarar Nagar?

Kabaleeswarar Nagar is classified as Residential Class III Type - I. This classification affects the guideline values and property transactions in the area.

Where can I find the Sub Registrar Office for Kabaleeswarar Nagar?

The Sub Registrar Office covering Kabaleeswarar Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Kabaleeswarar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.