Guideline Value for Kesavapillai Koil Street

Kesavapillai Koil Street guideline value

The current guideline value of Kesavapillai Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kesavapillai Koil Street has changed

The guideline value for Kesavapillai Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it saw a decrease to Rs 1,139 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,700 per sq.ft in 2023, followed by a further rise to Rs 1,800 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 represented a substantial increase of 325%, while the overall change from 2007 to 2024 reflects a 350% increase. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kesavapillai Koil Street's 2024 guideline value is below this median.

• Kennady Street: Rs 2,400 per sq.ft (2024)
• Kaveri Street: Rs 2,400 per sq.ft (2024)
• Kattabomman Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Koil Cross Street: Rs 1,800 per sq.ft (2024)
• Koil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Kasthuribai Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavapillai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kesavapillai Koil Street?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kesavapillai Koil Street?

The current guideline value of Kesavapillai Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which Sub Registrar Office covers Kesavapillai Koil Street?

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

What is the land classification of Kesavapillai Koil Street?

Kesavapillai Koil Street is classified as Residential Class I Type - II.