Guideline Value for Naachiyar kulam Street

Naachiyar kulam Street guideline value

The current guideline value of Naachiyar kulam Street is Rs 800 per sq.ft, as per the 2023 revision. This street is located in Kovalam village, under the Thiruporur Sub Registrar Office (SRO), and falls under Residential Class I Type - I land classification.

How the guideline value of Naachiyar kulam Street has changed

Looking at the revisions, the guideline value for Naachiyar kulam Street was Rs 800 per sq.ft in 2012. This figure remained unchanged in the 2012 revision and again in the 2023 revision. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, marking a drop of 33%. The value then saw a significant increase of 49% from 2017 to 2023, bringing it back to Rs 800 per sq.ft.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 800 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. Naachiyar kulam Street is the only street mentioned under the Thiruporur SRO in this context.

Stamp duty and registration fee for property in Naachiyar kulam Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the stamp 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 on calculating these fees.

Which Sub Registrar Office covers Naachiyar kulam Street?

The Thiruporur Sub Registrar Office covers Naachiyar kulam Street. The office is located at No.29, South Mada Street, Thiruporur-603110, 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 Kovalam

The guideline value plays a crucial role in the registration process when buying or selling property in Kovalam. It serves as a baseline for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated fairly based on the property’s value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Naachiyar kulam Street?

The current guideline value of Naachiyar kulam Street is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Naachiyar kulam Street has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. Overall, the value has remained the same from 2012 to 2023.

What are the stamp duty and registration fees for property in Naachiyar kulam Street?

For a property valued at Rs 8,00,000, the stamp duty is Rs 56,000 and the registration fee is Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Naachiyar kulam Street?

The Thiruporur Sub Registrar Office covers Naachiyar kulam Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Kovalam with guideline values?

Currently, there are no other streets in Kovalam mentioned under the Thiruporur SRO, making Naachiyar kulam Street the only one referenced in this context.