Guideline Value for Kailasanathar Koil Street

Kailasanathar Koil Street guideline value

The current guideline value of Kailasanathar Koil Street is Rs 800 per sq.ft. This street is situated in Kovalam village, under the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kailasanathar Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This value remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 800 per sq.ft, marking a 49% rise from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained stable at Rs 800 per sq.ft.

It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, the only relevant revisions are from 2012, 2017, and 2023.

Guideline values in Kovalam

No specific village figures are provided for Kovalam. However, Kailasanathar Koil Street currently has a guideline value of Rs 800 per sq.ft. There are no other streets in Kovalam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Kailasanathar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kailasanathar Koil Street?

The Kailasanathar Koil Street is covered by 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 Kovalam

The guideline value is a critical factor during the registration of property transactions in Kovalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to determine the stamp duty and registration fees payable, which are essential for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Kailasanathar Koil Street?

The current guideline value of Kailasanathar Koil Street is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What are the stamp duty and registration fees for property in Kailasanathar Koil Street?

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value is Rs 8,00,000. The stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Kailasanathar Koil Street?

The Thiruporur Sub Registrar Office covers Kailasanathar Koil Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Kovalam with guideline values?

No other streets in Kovalam are listed under the Thiruporur SRO, so Kailasanathar Koil Street is the only one mentioned with a guideline value of Rs 800 per sq.ft.