Guideline Value for Big Street Kanakoilpettai

Big Street Kanakoilpettai guideline value

The current guideline value of Big Street Kanakoilpettai is Rs 900 per sq.ft. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Big Street Kanakoilpettai has changed

The guideline value for Big Street Kanakoilpettai has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 603 per sq.ft. This value remained unchanged at Rs 900 per sq.ft in the 2023 revision, and again in the 2024 revision, reflecting a 49% increase from the 2017 figure.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 900 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, indicating that the 2024 figure for Big Street Kanakoilpettai is above the median.

• Big Street D.M.Pet: Rs 700 per sq.ft (2024)
• Big Street Thirukkalukundram: Rs 1,000 per sq.ft (2024)
• Big Street: Rs 700 per sq.ft (2024)
• Busstand (Indira Nagar): Rs 700 per sq.ft (2024)
• Chinnakadai Street: Rs 1,100 per sq.ft (2024)
• Chinnakuttai Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Big Street Kanakoilpettai

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Big Street Kanakoilpettai?

The Sub Registrar Office covering Big Street Kanakoilpettai is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Thirukalukundrem A. It serves as a reference point for calculating stamp duty and registration fees during the registration of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in determining the financial obligations associated with the transfer of ownership.

Frequently asked questions

What is the current guideline value of Big Street Kanakoilpettai?

The current guideline value of Big Street Kanakoilpettai is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft since the 2023 revision, with a 49% increase from Rs 603 per sq.ft in the 2017 revision.

What is the land classification for Big Street Kanakoilpettai?

The land classification for Big Street Kanakoilpettai is Residential Class II Type - I.

Which Sub Registrar Office covers the area?

The Thirukazhukundram Sub Registrar Office covers Big Street Kanakoilpettai, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 9,00,000, the stamp duty would be Rs 63,000 at a rate of 7%.