Guideline Value for N.S.Mary Kallarai Street

N.S.Mary Kallarai Street guideline value

The current guideline value of N.S.Mary Kallarai Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of N.S.Mary Kallarai Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a change of -33%. The subsequent 2023 revision saw a significant increase to Rs 800 per sq.ft, and in the latest 2024 revision, it further increased by 10% to Rs 880 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value is Rs 870 per sq.ft, placing N.S.Mary Kallarai Street above this median.

• North Mada Street: Rs 880 per sq.ft (2024)
• N.G.G.O. Nagar: Rs 803 per sq.ft (2024)
• New Mettu Street: Rs 805 per sq.ft (2024)
• Palani Street: Rs 880 per sq.ft (2024)
• Nethaji Street: Rs 880 per sq.ft (2024)
• Pallikondamman Koil Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.Mary Kallarai Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% amounts to Rs 61,600, and the registration fee at 2% is Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.Mary Kallarai Street?

The Sub Registrar Office that covers N.S.Mary Kallarai Street 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 more information.

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 a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of N.S.Mary Kallarai Street?

The current guideline value of N.S.Mary Kallarai Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 880 per sq.ft in 2024, up from Rs 800 per sq.ft in 2023. The value has increased by 10% from 2023 to 2024.

What is the classification of N.S.Mary Kallarai Street?

N.S.Mary Kallarai Street is classified as Residential Class II Type - I under the Ambattur SRO.

Where can I find the Sub Registrar Office for N.S.Mary Kallarai Street?

The Sub Registrar Office for N.S.Mary Kallarai Street 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 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. The current rates include a stamp duty of 7% and a registration fee of 2% on the guideline value.