Guideline Value for Kalaignar Nagar 3st Main Road

Kalaignar Nagar 3st Main Road guideline value

The current guideline value of Kalaignar Nagar 3st Main Road is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Kalaignar Nagar 3st Main Road has changed

The guideline value for Kalaignar Nagar 3st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 141%, bringing the value to Rs 807 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

Kovilpathagai village has 278 streets under the Ambattur SRO, with 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, making the 2024 figure for Kalaignar Nagar 3st Main Road below the median.

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

Stamp duty and registration fee for property in Kalaignar Nagar 3st Main Road

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. 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 3st Main Road?

The Sub Registrar Office that covers Kalaignar Nagar 3st Main Road 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 information.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate fees are collected. This value is essential for both buyers and sellers to understand their financial obligations when dealing with property transactions.

Frequently asked questions

What is the current guideline value for Kalaignar Nagar 3st Main Road?

The current guideline value for Kalaignar Nagar 3st Main Road 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, with a significant increase of 141% from 2017 to 2023.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, which is higher than the current value of Kalaignar Nagar 3st Main Road.

What fees are associated with buying property in Kalaignar Nagar 3st Main Road?

When buying property, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Kalaignar Nagar 3st Main Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.