Guideline Value for Kalliamman Kovil Street

Kalliamman Kovil Street guideline value

The current guideline value of Kalliamman Kovil Street in Molachoor village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - II.

How the guideline value of Kalliamman Kovil Street has changed

The guideline value for Kalliamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The most recent revision in 2024 has also maintained this value at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that the guideline register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same, reflecting a 0% change.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. Kalliamman Kovil Street's 2024 figure is below this median.

• Kamarajar Street: Rs 600 per sq.ft (2024)
• Kaideymilleth Street: Rs 600 per sq.ft (2024)
• Kambar Street: Rs 600 per sq.ft (2024)
• J.J. Nagar: Rs 300 per sq.ft (2024)
• Karpagavalli Nagar: Rs 800 per sq.ft (2024)
• Karumariamman Kovil Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kalliamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalliamman Kovil Street?

The Sub Registrar Office that covers Kalliamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Molachoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property transactions. Ensuring that the correct guideline value is applied can help in avoiding any legal or financial complications during the registration process.

Frequently asked questions

What is the current guideline value of Kalliamman Kovil Street?

The current guideline value of Kalliamman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 300 per sq.ft in 2023 and 2024, and Rs 201 per sq.ft in 2017. The value has remained unchanged from 2012 to 2024.

What is the land classification for Kalliamman Kovil Street?

Kalliamman Kovil Street is classified as Residential Class IV Type - II.

Where can I find the registration office for Kalliamman Kovil Street?

The registration office for Kalliamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty would be calculated at 7% of that amount.