Guideline Value for Kalaignar Nagar 11th Street

Kalaignar Nagar 11th Street guideline value

The current guideline value of Kalaignar Nagar 11th Street is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kalaignar Nagar 11th Street has changed

The guideline value for Kalaignar Nagar 11th Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 807 per sq.ft, reflecting an increase of 141%. The 2024 revision maintains this value at Rs 807 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

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 for these streets is Rs 870 per sq.ft, placing the guideline value of Kalaignar Nagar 11th Street below this median.

• Kalaignar Nagar 10th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 12th Street: 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: 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 11th 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, and the registration fee at 2% would be Rs 16,140, bringing the total fees to Rs 72,630. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar Nagar 11th Street?

The Sub Registrar Office that covers Kalaignar Nagar 11th 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 details.

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

The guideline value plays a crucial role during the registration of properties in Kovilpathagai. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the transaction.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration reflects the correct financial obligations of the buyer.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 11th Street?

The current guideline value of Kalaignar Nagar 11th 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 807 per sq.ft in 2024, reflecting an overall increase of 61% over this period.

What is the land classification for Kalaignar Nagar 11th Street?

The land classification for Kalaignar Nagar 11th Street is Residential Class III Type - II.

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, totaling Rs 72,630.

Which office handles property registrations for Kalaignar Nagar 11th Street?

The Ambattur Sub Registrar Office handles property registrations for Kalaignar Nagar 11th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.