Guideline Value for Kalaignar Nagar 14th Street

Kalaignar Nagar 14th Street guideline value

The current guideline value of Kalaignar Nagar 14th 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 14th Street has changed

The guideline value for Kalaignar Nagar 14th Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 807 per sq.ft, marking a change of +141%. The 2023 to 2024 revision did not change the value, remaining at Rs 807 per sq.ft.

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

Guideline values in Kovilpathagai

In Kovilpathagai village, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value for Kalaignar Nagar 14th Street is below this median.

• Kalaignar Nagar 13th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 12th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 16th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 11th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 17th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 14th Street

For a 1,000 sq.ft plot at the current rate of Rs 807 per sq.ft, the 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 duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Nagar 14th Street?

The Sub Registrar Office that covers Kalaignar Nagar 14th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 14th Street?

The current guideline value of Kalaignar Nagar 14th 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 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, with the values for Kalaignar Nagar 14th Street being below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 72,630 in fees.

Which office handles registrations for Kalaignar Nagar 14th Street?

The Ambattur Sub Registrar Office handles registrations for Kalaignar Nagar 14th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.