Guideline Value for Kalaignar Nagar 3rd Street

Kalaignar Nagar 3rd Street guideline value

The current guideline value of Kalaignar Nagar 3rd 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 3rd Street has changed

The guideline value for Kalaignar Nagar 3rd Street has undergone several revisions over the years. The most recent figures show that the value was Rs 807 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in 2017, the value was Rs 335 per sq.ft, marking an increase of 141% from 2017 to 2023. In 2012, the value was Rs 500 per sq.ft, which represents a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 61%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision set the value at Rs 500 per sq.ft, which was followed by the significant increase to Rs 335 per sq.ft in 2017.

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 2024 figure for Kalaignar Nagar 3rd Street below this median.

• Kalaignar Nagar 3st Main Road: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 2st Main Road: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 4st Main Road: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 2nd Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 4th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 5th Street: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total 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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar Nagar 3rd Street?

The Sub Registrar Office that covers Kalaignar Nagar 3rd 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a fair value, which is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 3rd Street?

The current guideline value of Kalaignar Nagar 3rd 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 significantly from Rs 500 per sq.ft in 2012 to Rs 807 per sq.ft in both 2023 and 2024. Notably, there was a 141% increase from 2017 to 2023.

What is the land classification for Kalaignar Nagar 3rd Street?

The land classification for Kalaignar Nagar 3rd Street is Residential Class III Type - II, indicating its suitability for residential purposes.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office 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 Kovilpathagai?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 8,07,000 would incur a stamp duty of Rs 56,490 at 7%.