Guideline Value for Kapilar Street

Kapilar Street guideline value

The current guideline value of Kapilar Street is Rs 3,600 per sq.ft. It is located in Ambattur village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Kapilar Street has changed

Over the years, the guideline value of Kapilar Street has undergone several revisions. The 2012 revision set the value at Rs 3,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,211 per sq.ft. The 2023 revision raised the figure to Rs 3,300 per sq.ft, and the current 2024 revision has increased it further to Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%.

Guideline values in Ambattur

A total of 448 streets in Ambattur under the Ambattur SRO have a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which matches the current guideline value for Kapilar Street.

• Kannaia chetty Street: Rs 4,600 per sq.ft (2024)
• Karunanithi Street: Rs 3,600 per sq.ft (2024)
• Kamrajapuram Health workers Kudirrupu: Rs 1,800 per sq.ft (2024)
• Kambar Street (Ramapuram): Rs 5,100 per sq.ft (2024)
• Kaveri Street: Rs 6,600 per sq.ft (2024)
• Kavi kambar Street (Thiruvalluvar Nagar): Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kapilar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kapilar Street?

The Sub Registrar Office that covers Kapilar 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kapilar Street?

The current guideline value of Kapilar Street is Rs 3,600 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification of Kapilar Street?

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

What are the stamp duty and registration fees on Kapilar Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Where can I find the Sub Registrar Office for Kapilar Street?

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