Guideline Value for T.K. Kabali Street

T.K. Kabali Street guideline value

The current guideline value of T.K. Kabali Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of T.K. Kabali Street has changed

The guideline value of T.K. Kabali Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 159 per sq.ft. This increased to Rs 174 per sq.ft in 2003, marking a 9% rise. The value then surged significantly to Rs 1,000 per sq.ft in 2007, reflecting a 475% increase. Following this, in 2012, the value was recorded at Rs 2,500 per sq.ft, which was a 150% increase from the previous revision.

In the subsequent revisions, the guideline value changed to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by the latest revision in 2024, where it stands at Rs 2,800 per sq.ft, an increase of 12% from the previous year. There are no revisions for T.K. Kabali Street in the years not mentioned.

Guideline values in Tharamani

In Tharamani village, there are 78 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which is the same as the current guideline value for T.K. Kabali Street.

• Thiru.Vi.Ka. Street: Rs 2,800 per sq.ft (2024)
• Thiruvalluvar Road: Rs 3,300 per sq.ft (2024)
• Vanjinathan Street: Rs 2,800 per sq.ft (2024)
• Thanthai Periyar Nagar Veerapandi St.,: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Rani Ammal Street: Rs 2,200 per sq.ft (2024)
• Thanthai Periyar Nagar Ramasamy Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in T.K. Kabali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the 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 information.

Which Sub Registrar Office covers T.K. Kabali Street?

The Sub Registrar Office that covers T.K. Kabali Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Tharamani

The guideline value is a crucial factor in the registration process of property transactions in Tharamani. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration norms.

Frequently asked questions

What is the current guideline value of T.K. Kabali Street?

The current guideline value of T.K. Kabali Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 159 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1661% over the years.

What is the stamp duty rate for properties in T.K. Kabali Street?

The stamp duty rate for properties in T.K. Kabali Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for T.K. Kabali Street?

The Sub Registrar Office for T.K. Kabali Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets in Tharamani with similar guideline values?

Other streets in Tharamani with similar guideline values include Thiru.Vi.Ka. Street and Vanjinathan Street, both at Rs 2,800 per sq.ft in 2024.