Guideline Value for Koil Pathagai Main Road

Koil Pathagai Main Road guideline value

The current guideline value of Koil Pathagai Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Kovilpathagai village under the Ambattur SRO, and the land classification is Mixed Type - I.

How the guideline value of Koil Pathagai Main Road has changed

Over the years, the guideline value of Koil Pathagai Main Road has seen several revisions. The oldest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,300 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. The value rose significantly by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, making the guideline value for Koil Pathagai Main Road above this median.

• Kirupa Nagar Extn.: Rs 807 per sq.ft (2024)
• Kirupa Nagar: Rs 807 per sq.ft (2024)
• Krishna Murthi Street: Rs 880 per sq.ft (2024)
• Kesavan Street: Rs 880 per sq.ft (2024)
• Krishtappa Street: Rs 880 per sq.ft (2024)
• Kulakkarai Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Koil Pathagai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Koil Pathagai Main Road?

The Sub Registrar Office that covers Koil Pathagai Main Road 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 further assistance.

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 the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the fair value of the property for tax purposes. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher value will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Koil Pathagai Main Road?

The current guideline value of Koil Pathagai Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What are the other streets in Kovilpathagai and their guideline values?

Other streets in Kovilpathagai include Kirupa Nagar Extn. at Rs 807 per sq.ft, Kirupa Nagar at Rs 807 per sq.ft, Krishna Murthi Street at Rs 880 per sq.ft, Kesavan Street at Rs 880 per sq.ft, Krishtappa Street at Rs 880 per sq.ft, and Kulakkarai Street at Rs 805 per sq.ft, all for 2024.

What is the registration office for Koil Pathagai Main Road?

The registration office for Koil Pathagai Main Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 1,300 per sq.ft, the stamp duty would be calculated on this amount during the registration process.