Guideline Value for Kammala Street

Kammala Street guideline value

The current guideline value of Kammala Street is Rs 806 per sq.ft. It is located in Kovilpathagai village under the Ambattur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kammala Street has changed

The guideline value for Kammala Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then increased to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 806 per sq.ft, and the current 2024 revision also holds the same value of Rs 806 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from the 2017 revision to the 2023 revision, the value increased by 100%. Overall, from 2012 to 2024, the guideline value has risen by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with 2024 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 Kammala Street's 2024 figure below this median.

• Kanadasan Street: Rs 880 per sq.ft (2024)
• Kambar Street: Rs 806 per sq.ft (2024)
• Kannammaal Nagar: Rs 806 per sq.ft (2024)
• Kannappa Gileri Street: Rs 805 per sq.ft (2024)
• Karnam Street: Rs 807 per sq.ft (2024)
• Karnam Street Extn: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Kammala Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,06,000. The stamp duty at 7% amounts to Rs 56,420, while the registration fee at 2% is Rs 16,120. Together, these fees total Rs 72,540. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kammala Street?

The Kammala Street falls under 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 stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction adheres to the regulations set by the Registration Department. Buyers and sellers should be aware of these values to ensure compliance and avoid any potential disputes.

Frequently asked questions

What is the current guideline value of Kammala Street?

The current guideline value of Kammala Street is Rs 806 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 806 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for Kammala Street?

Kammala Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the other guideline values in Kovilpathagai?

In Kovilpathagai, the guideline values for other streets range from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft.

Where can I find the Ambattur Sub Registrar Office?

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