Guideline Value for S.S. Street

S.S. Street guideline value

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

How the guideline value of S.S. Street has changed

The guideline value for S.S. Street has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value significantly increased to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, comparing the 2012 figure to the current 2024 figure, there has been a 10% increase.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 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 for these streets is Rs 870 per sq.ft, placing S.S. Street's 2024 figure above this median.

• St. Francis Nagar: Rs 880 per sq.ft (2024)
• St Francis Nagar Extention: Rs 1,200 per sq.ft (2024)
• St Josph Nagar: Rs 806 per sq.ft (2024)
• St. Pauls Nagar: Rs 807 per sq.ft (2024)
• St Perter's Nagar: Rs 807 per sq.ft (2024)
• St Peter Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in S.S. Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.S. Street?

The Sub Registrar Office that covers S.S. 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 in the registration process when buying or selling property in Kovilpathagai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of S.S. Street?

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

How has the guideline value of S.S. Street changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value of streets in Kovilpathagai?

The median guideline value for the 278 streets in Kovilpathagai is Rs 870 per sq.ft, with S.S. Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in S.S. Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers S.S. Street?

The Ambattur Sub Registrar Office covers S.S. Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.