Guideline Value for Naavithar Street

Naavithar Street guideline value

The current guideline value of Naavithar Street is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Naavithar Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. From 2017 to 2023, the value rose significantly to Rs 806 per sq.ft, reflecting a 100% increase. The 2023 revision maintained the same value of Rs 806 per sq.ft for the 2024 revision, indicating no change.

There are no figures available for Naavithar Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in the village is Rs 870 per sq.ft, placing Naavithar Street's 2024 figure below this median.

• Naaladiyar Street: Rs 880 per sq.ft (2024)
• Nagammal Avenue: Rs 880 per sq.ft (2024)
• Nagarajan Main Road: Rs 880 per sq.ft (2024)
• Nainiappan Street: Rs 880 per sq.ft (2024)
• Muslim Street: Rs 805 per sq.ft (2024)
• Munusami Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Naavithar Street

For a 1,000 sq.ft plot at the current rate of Rs 806 per sq.ft, the guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Naavithar Street?

The Sub Registrar Office that covers Naavithar 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 reference for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value set for the property, which helps in maintaining transparency in real estate transactions. It is essential to consider the guideline value when negotiating sale prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Naavithar Street?

The current guideline value of Naavithar Street is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, with a notable increase of 100% from 2017 to 2023.

What is the land classification for Naavithar Street?

Naavithar Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Naavithar Street?

The Sub Registrar Office for Naavithar 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 the stamp duty calculated for property in Naavithar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,06,000, the stamp duty at 7% would be Rs 56,420.