Guideline Value for Kalaignar Nagar 13th Street

Kalaignar Nagar 13th Street guideline value

The current guideline value of Kalaignar Nagar 13th Street is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Kalaignar Nagar 13th Street has changed

The guideline value for Kalaignar Nagar 13th Street has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 807 per sq.ft in both 2023 and 2024, reflecting a 141% rise from the 2017 figure.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall increase is 61%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO with a 2024 guideline value 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 13th Street below this median.

• Kalaignar Nagar 12th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 11th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 10th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 16th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, totaling Rs 72,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kalaignar Nagar 13th Street?

The Sub Registrar Office that covers Kalaignar Nagar 13th 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 that must be paid at the time of registration.

When buying or selling property, the guideline value is referenced to ensure that the transaction is recorded accurately. This value serves as a benchmark for assessing the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 13th Street?

The current guideline value of Kalaignar Nagar 13th 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 increased to Rs 807 per sq.ft in both 2023 and 2024.

What is the land classification for Kalaignar Nagar 13th Street?

Kalaignar Nagar 13th Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kalaignar Nagar 13th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for a property in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,07,000, the stamp duty at 7% would be Rs 56,490.