Guideline Value for Kabilar Street

Kabilar Street guideline value

The current guideline value of Kabilar Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Kabilar Street has changed

The guideline value for Kabilar Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision, where it was also Rs 500 per sq.ft. However, in 2017, the value had previously been Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023. The 2023 revision maintained the value at Rs 500 per sq.ft, and this value will continue into the 2024 revision, which also sets it at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no change. The only significant change occurred between 2017 and 2023, where the value increased by 49% before stabilizing.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 250 to Rs 2,687 per sq.ft. The median guideline value is Rs 500 per sq.ft, making Kabilar Street's 2024 figure equal to this median.

• Kalaivani Street: Rs 500 per sq.ft (2024)
• Kambar Nagar: Rs 400 per sq.ft (2024)
• Kambar Street: Rs 500 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)
• Kattabomman street: Rs 500 per sq.ft (2024)
• K.G.V Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kabilar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kabilar Street?

Kabilar Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Maathoor. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for the transaction. It is essential for both parties to understand that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the registration process reflects the accurate financial commitment involved.

Frequently asked questions

What is the current guideline value of Kabilar Street?

The current guideline value of Kabilar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 500 per sq.ft since 2012, with a significant increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, which has been maintained in the 2024 revision.

What is the classification of Kabilar Street?

Kabilar Street is classified as Residential Special Type - III under the current land classification.

Where can I find the Sub Registrar Office for Kabilar Street?

The Sub Registrar Office covering Kabilar Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Maathoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.