Guideline Value for Kalaignar Nagar 19th Street

Kalaignar Nagar 19th Street guideline value

The current guideline value of Kalaignar Nagar 19th Street is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO and is classified as Residential Class III Type - II.

How the guideline value of Kalaignar Nagar 19th Street has changed

The guideline value for Kalaignar Nagar 19th Street has seen several revisions over the years. Starting from the 2012 revision, the value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in 2017, a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 141% to reach Rs 807 per sq.ft, which remained unchanged in the 2024 revision.

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%, now standing at Rs 807 per sq.ft.

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. The median guideline value for these streets is Rs 870 per sq.ft, placing Kalaignar Nagar 19th Street's value below this median.

• Kalaignar Nagar 18th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 17th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 1st Main Road: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 16th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 15th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 14th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 19th Street

For a 1,000 sq.ft plot at the current rate of Rs 807 per sq.ft, the guideline value is Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, while the registration fee at 2% would be Rs 16,140. Together, the total cost for duty and registration would be Rs 72,630. It is important to note that 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 details.

Which Sub Registrar Office covers Kalaignar Nagar 19th Street?

The Sub Registrar Office that covers Kalaignar Nagar 19th 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 assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable stamp duty and registration fees. Buyers need to be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 19th Street?

The current guideline value of Kalaignar Nagar 19th 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, which remained the same in 2024.

What is the land classification for Kalaignar Nagar 19th Street?

Kalaignar Nagar 19th Street is classified as Residential Class III Type - II.

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

The Sub Registrar Office covering Kalaignar Nagar 19th 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 properties in this area?

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