Guideline Value for Kalaignar Nagar 15th Street

Kalaignar Nagar 15th Street guideline value

The current guideline value of Kalaignar Nagar 15th 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 15th Street has changed

The guideline value for Kalaignar Nagar 15th 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. However, from 2017 to 2023, the value rose significantly to Rs 807 per sq.ft, marking an increase of 141%. The 2023 to 2024 revision maintained the value at Rs 807 per sq.ft, indicating no change.

For the years 2002, 2003, and 2007, the register has no figure 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 for 2024 ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this village is Rs 870 per sq.ft, making the 2024 figure for Kalaignar Nagar 15th Street below that median.

• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 16th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 13th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 17th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 12th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 18th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 15th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 72,630. 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 15th Street?

The Sub Registrar Office covering Kalaignar Nagar 15th 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 is a crucial element in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as stamp duty and registration fees are calculated based on it.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and accountability in real estate transactions in Kovilpathagai.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 15th Street?

The current guideline value of Kalaignar Nagar 15th 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, with significant increases in 2017 and 2023 revisions.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai village is Rs 870 per sq.ft, which is higher than the current value of Kalaignar Nagar 15th Street.

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 is Rs 56,490 and the registration fee is Rs 16,140, totaling Rs 72,630.

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

The Sub Registrar Office for Kalaignar Nagar 15th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.