Guideline Value for Kalaignar Nagar 17th Street

Kalaignar Nagar 17th Street guideline value

The current guideline value of Kalaignar Nagar 17th 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 17th Street has changed

The guideline value for Kalaignar Nagar 17th Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 807 per sq.ft in both the 2023 and 2024 revisions, reflecting an overall increase of 61% from 2012 to 2024.

From 2017 to 2023, the guideline value saw a substantial increase of 141%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with 2024 guideline values 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 Kalaignar Nagar 17th Street's 2024 figure below that median.

• Kalaignar Nagar 16th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 18th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 19th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 13th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 17th 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalaignar Nagar 17th Street?

The Sub Registrar Office covering Kalaignar Nagar 17th 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 additional details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value or the sale price is considered, and the higher of the two is used to calculate the associated fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 17th Street?

The current guideline value of Kalaignar Nagar 17th 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, and then to Rs 807 per sq.ft in both 2023 and 2024, showing an overall increase of 61% from 2012 to 2024.

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 16th Street, 18th Street, 15th Street, 19th Street, 14th Street, and 13th Street.

What is the registration fee for properties in Kalaignar Nagar 17th Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,07,000 would incur a registration fee of Rs 16,140.

Where can I find the Sub Registrar Office for Kalaignar Nagar 17th Street?

The Sub Registrar Office for Kalaignar Nagar 17th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.