Guideline Value for Kalaignar Nagar 10th Street

Kalaignar Nagar 10th Street guideline value

The current guideline value of Kalaignar Nagar 10th Street in Kovilpathagai village is Rs 807 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class III Type - II.

How the guideline value of Kalaignar Nagar 10th Street has changed

The guideline value for Kalaignar Nagar 10th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. Following this, the value saw a significant increase, reaching Rs 807 per sq.ft in both the 2023 and 2024 revisions, indicating a 141% rise from 2017 to 2023 and an overall increase of 61% from 2012 to 2024.

Notably, the guideline values for the years 2002, 2003, and 2007 are not available in the register for this street. The figures from the 2023 revision remained unchanged in the 2024 revision, reflecting a stable guideline value of Rs 807 per sq.ft.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing the 2024 figure for Kalaignar Nagar 10th Street below this median.

• Kalaignar Nagar 11th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 12th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 13th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, while the registration fee at 2% would be Rs 16,140. The total cost for stamp duty and registration would therefore be Rs 72,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar Nagar 10th Street?

The Sub Registrar Office that covers Kalaignar Nagar 10th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered the baseline for calculating the associated fees. Buyers should be aware that these fees are charged based on the higher value between the guideline value and the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 10th Street?

The current guideline value of Kalaignar Nagar 10th Street is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 807 per sq.ft in 2023 and 2024. The overall increase from 2012 to 2024 is 61%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,07,000, the stamp duty would be Rs 56,490 and the registration fee would be Rs 16,140. The total cost for these fees would be Rs 72,630.

Which Sub Registrar Office should I visit for transactions in this area?

The Ambattur Sub Registrar Office covers Kalaignar Nagar 10th Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification for Kalaignar Nagar 10th Street?

Kalaignar Nagar 10th Street is classified as Residential Class III Type - II, indicating its designation for residential use within the area.