Guideline Value for Kanniyamman Koil Street

Kanniyamman Koil Street guideline value

The current guideline value of Kanniyamman Koil Street is Rs 600 per sq.ft. This street is located in Kovalam village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kanniyamman Koil Street has changed

The guideline value for Kanniyamman Koil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. However, this figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, reflecting a reduction of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 600 per sq.ft again, marking a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 600 per sq.ft, despite the fluctuations in previous years. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. Kanniyamman Koil Street is one of the streets under the Thiruporur SRO, and there are no other streets in Kovalam listed with guideline values.

Stamp duty and registration fee for property in Kanniyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000. Together, the total cost for stamp duty and registration fee would be Rs 54,000. 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 Kanniyamman Koil Street?

The Sub Registrar Office that covers Kanniyamman Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kovalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during a property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kanniyamman Koil Street?

The current guideline value of Kanniyamman Koil Street is Rs 600 per sq.ft, as per the 2023 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, and then back to Rs 600 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the stamp duty for properties on Kanniyamman Koil Street?

The stamp duty for properties on Kanniyamman Koil Street is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles registrations for properties in Kanniyamman Koil Street.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register. It is revised periodically, reflecting changes in the property market and land classification.