Guideline Value for Kalaignar Nagar 6th Street

Kalaignar Nagar 6th Street guideline value

The current guideline value of Kalaignar Nagar 6th 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 6th Street has changed

The guideline value for Kalaignar Nagar 6th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 807 per sq.ft in both the 2023 and 2024 revisions, reflecting an overall increase of 61% from 2012 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 to 2023 revision, the guideline value increased by 141%, while there was a decrease of 33% from 2012 to 2017. The guideline value remained unchanged from 2023 to 2024, indicating a stable period for this street's valuation.

Guideline values in Kovilpathagai

Kovilpathagai village contains 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 in this village is Rs 870 per sq.ft, positioning Kalaignar Nagar 6th Street's 2024 figure below this median.

• Kalaignar Nagar 5th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 7th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 4th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 8th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 9th 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 6th 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 cost for these fees 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Nagar 6th Street?

The Sub Registrar Office that covers Kalaignar Nagar 6th 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

When buying or selling property in Kovilpathagai, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a reference point for calculating these costs, ensuring that they are aligned with the official valuations set by the Registration Department.

It is important to be aware that the guideline value may differ from the actual sale price of the property. Therefore, the duty is charged based on whichever is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 6th Street?

The current guideline value of Kalaignar Nagar 6th 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.

What is the land classification for Kalaignar Nagar 6th Street?

Kalaignar Nagar 6th Street is classified as Residential Class III Type - II.

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 is Rs 56,490 and the registration fee is Rs 16,140, totaling Rs 72,630.

Which office handles the registration for this street?

The Ambattur Sub Registrar Office handles the registration for Kalaignar Nagar 6th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.