Guideline Value for Kalaignar Nagar 7th Street

Kalaignar Nagar 7th Street guideline value

The current guideline value of Kalaignar Nagar 7th Street is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Kalaignar Nagar 7th Street has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise of 141%, reaching Rs 807 per sq.ft. The 2023 revision also maintained this figure in 2024, reflecting no change of 0% between these two years. The register has no figures for the years 2002, 2003, and 2007.

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, indicating that the 2024 guideline value for Kalaignar Nagar 7th Street is below this median.

• Kalaignar Nagar 6th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 8th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 5th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 9th Street: Rs 807 per sq.ft (2024)
• Kalaignar Nagar 4th 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 7th 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. Together, the total cost for these fees would be Rs 72,630. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalaignar Nagar 7th Street?

The Sub Registrar Office that covers Kalaignar Nagar 7th 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 is a crucial factor during the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring transparency in the transaction process.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which helps in standardizing property transactions within the region.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 7th Street?

The current guideline value of Kalaignar Nagar 7th 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 seen several revisions, starting from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increasing to Rs 807 per sq.ft in 2023 and remaining the same in 2024.

What are the guideline values of other streets in Kovilpathagai?

Other streets in Kovilpathagai, such as Kalaignar Nagar 6th, 8th, 5th, 9th, 4th Streets, and 4st Main Road, all have a guideline value of Rs 807 per sq.ft for 2024.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 807 per sq.ft would incur total fees of Rs 72,630.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Kalaignar Nagar 7th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.