Guideline Value for Kowl Bazaar Main Road

Kowl Bazaar Main Road guideline value

The current guideline value of Kowl Bazaar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Kavulbazaar village and falls under the Pammal SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kowl Bazaar Main Road has changed

The guideline value for Kowl Bazaar Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The current value of Rs 2,200 per sq.ft represents a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 revision marked a significant increase of 49% from the 2017 value.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 4,500 per sq.ft. The median value is Rs 825 per sq.ft, placing Kowl Bazaar Main Road's 2024 figure above this median.

• Kamatchi Nagar: Rs 825 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 825 per sq.ft (2024)
• Kamarajar Street: Rs 825 per sq.ft (2024)
• Kalaignar Street: Rs 825 per sq.ft (2024)
• Kalaignar Salai: Rs 825 per sq.ft (2024)
• Mangaliamman Koil Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Kowl Bazaar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kowl Bazaar Main Road?

The Kowl Bazaar Main Road is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kavulbazaar. It is used to determine the stamp duty and registration fees applicable to a property, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the official value of the property. This value is essential for calculating the costs associated with registration and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kowl Bazaar Main Road?

The current guideline value of Kowl Bazaar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Kowl Bazaar Main Road?

The Pammal Sub Registrar Office handles property registrations for Kowl Bazaar Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kowl Bazaar Main Road?

The land classification for Kowl Bazaar Main Road is Residential Special Type - II, indicating its designated use for residential purposes.