Guideline Value for Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road)

Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) guideline value

The current guideline value for Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, and the land classification is Mixed Type - III.

How the guideline value of Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rebounded to Rs 1,000 per sq.ft in the 2023 revision, followed by an increase to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value among these streets is Rs 935 per sq.ft, placing Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) above this median.

• Kovalam Street G.R.T to Pallavan Silai: Rs 1,100 per sq.ft (2024)
• Kovalam Street Pallavan Silai to Next T.T.D.C: Rs 1,325 per sq.ft (2024)
• Kovalam Road 2nd Cross Street: Rs 1,210 per sq.ft (2024)
• Kovalam Street Town Panchayat to G.R.T: Rs 1,485 per sq.ft (2024)
• Kovalam Road 1st Cross Street: Rs 1,210 per sq.ft (2024)
• Kovalam Street T.T.D.C to Pattipulam: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road)?

The Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) falls under the Thirukazhukundram Sub Registrar Office located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Mamallapuram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning.

When a property is registered, the guideline value serves as a benchmark for the transaction. It ensures that the government receives the appropriate taxes based on the property's value, thus playing a significant role in the real estate transaction process.

Frequently asked questions

What is the current guideline value for Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road)?

The current guideline value for Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Kovalam Street Pallavan Silai to Govt.Hospital (Pondicheri way Road) is Mixed Type - III.

Where can I find the registration office for this property?

The registration office covering this property is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value, a 1,000 sq.ft plot would incur a stamp duty of Rs 77,000.