Guideline Value for Shakrath Bilal Nagar

Shakrath Bilal Nagar guideline value

The current guideline value of Shakrath Bilal Nagar is Rs 803 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Shakrath Bilal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This increased to Rs 268 per sq.ft in the 2017 revision, which was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 200%, reaching Rs 803 per sq.ft in 2023. The 2024 revision maintained this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value for Shakrath Bilal Nagar is below this median.

• Seyoon Nagar: Rs 806 per sq.ft (2024)
• Shanthi Nagar: Rs 870 per sq.ft (2024)
• School Street: Rs 880 per sq.ft (2024)
• Sivankoil Street: Rs 805 per sq.ft (2024)
• Sayabu Street: Rs 805 per sq.ft (2024)
• S.K. Nagar: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Shakrath Bilal Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would amount to Rs 8,03,000. The stamp duty at 7% would be Rs 56,210, and the registration fee at 2% would be Rs 16,060, totaling Rs 72,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shakrath Bilal Nagar?

The Sub Registrar Office that covers Shakrath Bilal Nagar 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 for property transactions in Kovilpathagai. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. It ensures that the property is registered at a value that reflects its official worth, facilitating transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Shakrath Bilal Nagar?

The current guideline value of Shakrath Bilal Nagar is Rs 803 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 803 per sq.ft in 2024, reflecting an overall increase of 101% over this period.

What are the stamp duty and registration fees for property in Shakrath Bilal Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 72,270, which includes a stamp duty of Rs 56,210 and a registration fee of Rs 16,060.

Which office handles property registration for Shakrath Bilal Nagar?

The Ambattur Sub Registrar Office handles property registration for Shakrath Bilal Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Shakrath Bilal Nagar?

Shakrath Bilal Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use.