Guideline Value for Kovilur Amman North street

Kovilur Amman North street guideline value

The current guideline value of Kovilur Amman North street is Rs 2,600 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - III.

How the guideline value of Kovilur Amman North street has changed

The guideline value for Kovilur Amman North street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012. However, it saw a decrease to Rs 1,608 per sq.ft in 2017. The 2023 revision set the value at Rs 2,400 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,600 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The jump from 2007 to 2012 was substantial at 300%, while the decline from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 333%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kovilur Amman North street's 2024 figure is below this median.

• Kovilur Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Kovilur Amman South Street: Rs 2,600 per sq.ft (2024)
• Kovilur Amman Koil 1st lane: Rs 3,300 per sq.ft (2024)
• Kovilur Amman West street: Rs 2,600 per sq.ft (2024)
• Kovur Vaidyanathan street: Rs 2,600 per sq.ft (2024)
• Krishna chetty street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kovilur Amman North street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value would be Rs 26,00,000. The stamp duty at 7% would amount to Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total fees together to Rs 2,34,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kovilur Amman North street?

The Kovilur Amman North street is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Chindadripet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are conducted transparently and that the values are in line with government regulations.

Frequently asked questions

What is the current guideline value of Kovilur Amman North street?

The current guideline value of Kovilur Amman North street is Rs 2,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 600 per sq.ft in 2007 to Rs 2,600 per sq.ft in 2024, reflecting an overall increase of 333% over this period.

What factors influence the guideline value in Chindadripet?

The guideline value is influenced by various factors, including land classification, location, and historical revisions. Each street in Chindadripet has its unique guideline value set by the Registration Department.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.

Which office handles the registration for Kovilur Amman North street?

The registration for Kovilur Amman North street is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.