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Guideline Value

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Guideline Value for Kalaignar Nagar 4th Street

₹807/sq.ft.

The guideline value for Kalaignar Nagar 4th Street in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 807 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹807 /sq.ft.
From 1-4-2023 ₹807 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kalaignar Nagar 4th Street

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Kalaignar Nagar 4th Street guideline value

The current guideline value of Kalaignar Nagar 4th 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 4th Street has changed

The guideline value for Kalaignar Nagar 4th Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 807 per sq.ft in both the 2023 and 2024 revisions, reflecting a 141% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in the guideline value is an increase of 61%. The value remained unchanged at Rs 807 per sq.ft from the 2023 revision to the 2024 revision, indicating stability at this current rate.

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 Kalaignar Nagar 4th Street's 2024 figure below this median.

Stamp duty and registration fee for property in Kalaignar Nagar 4th 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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Nagar 4th Street?

The Sub Registrar Office that covers Kalaignar Nagar 4th 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 information.

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

The guideline value plays a crucial role in property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, accurate knowledge of the guideline value helps in understanding the financial implications of the transaction. It ensures that buyers and sellers are compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 4th Street?

The current guideline value of Kalaignar Nagar 4th 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 increased to Rs 807 per sq.ft in both 2023 and 2024. Overall, this represents a 61% increase from 2012 to 2024.

What is the median guideline value in Kovilpathagai?

The median guideline value for the 278 streets in Kovilpathagai is Rs 870 per sq.ft, with Kalaignar Nagar 4th Street's current value being below this median.

What are the stamp duty and registration fees for a property in this area?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kalaignar Nagar 4th Street located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.