Guideline Value for Kabilar Street Ch-83 (Thiru Nagar)

Kabilar Street Ch-83 (Thiru Nagar) guideline value

The current guideline value of Kabilar Street Ch-83 (Thiru Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kabilar Street Ch-83 (Thiru Nagar) has changed

Over the years, the guideline value of Kabilar Street Ch-83 has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,210 per sq.ft, which increased to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has set the value at Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

From 2007 to 2012, there was a substantial increase of 272%, and from 2012 to 2023, there was no change. Overall, from 2007 to 2024, the guideline value has increased by 305%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is the same as the current value for Kabilar Street Ch-83.

• Kabilan Street (M.G.R. Nagar): Rs 3,300 per sq.ft (2024)
• Jublee Road: Rs 6,600 per sq.ft (2024)
• Jothi Ramalingam Street Block 83: Rs 4,100 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 4,100 per sq.ft (2024)
• Jothi Ramalingam Lane Block 83: Rs 4,100 per sq.ft (2024)
• Jothi Ramalingam 2nd Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kabilar Street Ch-83 (Thiru Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. 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 Kabilar Street Ch-83 (Thiru Nagar)?

The Sub Registrar Office that covers Kabilar Street Ch-83 (Thiru Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kodambakkam. It helps determine the registration fees and stamp duty payable at the time of the transaction. Buyers should be aware that the guideline value is used to assess the minimum value for these fees, ensuring that all transactions are recorded accurately.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kabilar Street Ch-83?

The current guideline value of Kabilar Street Ch-83 (Thiru Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024. This represents an overall increase of 305% over the years.

What are the other streets in Kodambakkam with their guideline values?

Other streets in Kodambakkam have varying guideline values. For example, Kabilan Street (M.G.R. Nagar) is Rs 3,300 per sq.ft, while Jublee Road is Rs 6,600 per sq.ft.

What is the registration fee for a property on Kabilar Street Ch-83?

The registration fee for a property on Kabilar Street Ch-83 is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the registration fee would be Rs 98,000.

Where is the Sub Registrar Office for Kabilar Street Ch-83 located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.