Guideline Value for Kalaignar Nagar 16th Street

Kalaignar Nagar 16th Street guideline value

The current guideline value of Kalaignar Nagar 16th 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 16th Street has changed

The guideline value for Kalaignar Nagar 16th Street has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, which was a decrease of 33%. However, the value saw a significant increase of 141% to Rs 807 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

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

In Kovilpathagai, 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 of Kalaignar Nagar 16th Street is below this median.

• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 17th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 18th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 13th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 19th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 16th Street

For a 1,000 sq.ft plot at the current rate, 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, bringing the total 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Nagar 16th Street?

The Sub Registrar Office that covers Kalaignar Nagar 16th 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 further information.

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

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 16th Street?

The current guideline value of Kalaignar Nagar 16th 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 are the other streets in Kovilpathagai with the same guideline value?

Other streets in Kovilpathagai with the same guideline value of Rs 807 per sq.ft include Kalaignar Nagar 15th, 17th, 14th, 18th, 13th, and 19th Streets.

What is the stamp duty for property in Kalaignar Nagar 16th Street?

The stamp duty for property in Kalaignar Nagar 16th Street is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 56,490.

Which office handles property registrations for Kalaignar Nagar 16th Street?

The Ambattur Sub Registrar Office handles property registrations for Kalaignar Nagar 16th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.