Guideline Value for E Kandasamy Naidu College (for Men)

E Kandasamy Naidu College (for Men) guideline value

The current guideline value for E Kandasamy Naidu College (for Men) is Rs 14,700 per sq.ft, effective from 1 July 2024. This property is located in Periakudal village under the AnnaNagar SRO, classified as Mixed Type - I land.

How the guideline value of E Kandasamy Naidu College (for Men) has changed

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 4,100 per sq.ft, which increased significantly to Rs 13,500 per sq.ft in 2012. However, this value saw a decline to Rs 9,045 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 13,500 per sq.ft, and the most recent revision in 2024 set it at Rs 14,700 per sq.ft, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the jump from 2007 to 2012 was substantial at 229%. Overall, from 2007 to 2024, the guideline value has increased by 259%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal village, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for E Kandasamy Naidu College (for Men) is above this median.

• E- Block, 5th Main Road 3366,3366A,3408 to 3416(Church): Rs 12,600 per sq.ft (2024)
• E-Block, 3rd Street: Rs 11,500 per sq.ft (2024)
• E- Block, 3rd Avenue, 3266A, (Church) 3266B,C, 3269,3645C, Telephone Exchange, East Pallavan Dept.: Rs 15,900 per sq.ft (2024)
• E-Block, 2nd Street: Rs 11,500 per sq.ft (2024)
• E- Block, 2nd Main Road 3406,3407,3384,3385, East Bus Terminus, Telephone Exchange: Rs 12,600 per sq.ft (2024)
• E-Block, 1st Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in E Kandasamy Naidu College (for Men)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,700 per sq.ft, the total guideline value amounts to Rs 1,47,00,000. The stamp duty at 7% would be Rs 10,29,000, and the registration fee at 2% would be Rs 2,94,000, bringing the total costs together to Rs 13,23,000. 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 information.

Which Sub Registrar Office covers E Kandasamy Naidu College (for Men)?

The Sub Registrar Office that covers E Kandasamy Naidu College (for Men) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for E Kandasamy Naidu College (for Men)?

The current guideline value for E Kandasamy Naidu College (for Men) is Rs 14,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,100 per sq.ft in 2007 to Rs 14,700 per sq.ft in 2024, reflecting a significant overall increase of 259% over the years.

Which Sub Registrar Office is responsible for E Kandasamy Naidu College (for Men)?

The AnnaNagar Sub Registrar Office is responsible for E Kandasamy Naidu College (for Men), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Periakudal?

The median guideline value for streets in Periakudal is Rs 11,500 per sq.ft, with E Kandasamy Naidu College (for Men) being above this median at Rs 14,700 per sq.ft.

How is the stamp duty calculated for properties in E Kandasamy Naidu College (for Men)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 10,29,000.