Guideline Value for Kilakku Kolathur Main Road - II ( Muslim Burial Ground To Mogambigai Koil)

Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil) guideline value

The current guideline value of Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Konnur village, under the Konnur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil) has changed

The guideline value for Kilakku Kolathur Main Road - II has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then reduced to Rs 3,350 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 5,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The significant change occurred between the 2017 and 2023 revisions, where the value rose by 49%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which means Kilakku Kolathur Main Road - II's 2024 figure of Rs 5,500 per sq.ft is above that median.

• Kilakku Kolathur Main Road - I: Rs 5,500 per sq.ft (2024)
• Kilakkumadaveethi: Rs 5,500 per sq.ft (2024)
• Kilakkumadaveethi Extension: Rs 5,500 per sq.ft (2024)
• K.K. Nagar: Rs 3,800 per sq.ft (2024)
• Kattabomman Street: Rs 3,800 per sq.ft (2024)
• Kathuvan Kuttai (Valluvar Nagar): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil)?

The Sub Registrar Office that covers Kilakku Kolathur Main Road - II is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or bought, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the prevailing values in the area.

Frequently asked questions

What is the current guideline value of Kilakku Kolathur Main Road - II?

The current guideline value of Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase. It was previously Rs 3,350 per sq.ft in 2017, indicating a 49% increase from that year to 2023.

What is the median guideline value for streets in Konnur?

The median guideline value for the 249 streets in Konnur under the Konnur SRO is Rs 3,800 per sq.ft. Kilakku Kolathur Main Road - II's 2024 figure is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Kilakku Kolathur Main Road - II?

The Konnur Sub Registrar Office is responsible for property registrations in Kilakku Kolathur Main Road - II. It is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.