Guideline Value for Kalaignar Nagar 2nd Street

Kalaignar Nagar 2nd Street guideline value

The current guideline value of Kalaignar Nagar 2nd Street is Rs 807 per sq.ft. This street is located in Kovilpathagai village under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kalaignar Nagar 2nd Street has changed

The guideline value for Kalaignar Nagar 2nd Street has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, but then saw a significant rise to Rs 807 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 807 per sq.ft, showing no change from the previous year.

Between the 2012 and 2017 revisions, there was a decrease of 33%. However, the value surged by 141% from 2017 to 2023. Overall, comparing the 2012 and 2024 revisions, 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 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 the guideline value of Kalaignar Nagar 2nd Street below this median.

• Kalaignar Nagar 2st Main Road: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 20th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 3rd Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 3st Main Road: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 1st Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 4st Main Road: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 2nd 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, while the registration fee at 2% would be Rs 16,140, bringing the total cost together 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 use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kalaignar Nagar 2nd Street?

The Sub Registrar Office that covers Kalaignar Nagar 2nd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Kovilpathagai. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When a buyer and seller agree on a sale price, the higher of the guideline value or the agreed sale price will be used to calculate the stamp duty and registration fees. This ensures that all transactions are transparent and comply with local regulations.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 2nd Street?

The current guideline value of Kalaignar Nagar 2nd 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%. The value saw a significant rise between 2017 and 2023, increasing by 141%.

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

For a property valued at Rs 8,07,000, the stamp duty would be Rs 56,490 and the registration fee would be Rs 16,140, totaling Rs 72,630. This is based on the guideline value of Rs 807 per sq.ft.

Which office handles registrations for Kalaignar Nagar 2nd Street?

The Ambattur Sub Registrar Office handles registrations for Kalaignar Nagar 2nd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification for this area?

The land classification for Kalaignar Nagar 2nd Street is Residential Class III Type - II, indicating its designation for residential purposes.