Guideline Value for East Street Kanakoilpettai

East Street Kanakoilpettai guideline value

The current guideline value of East Street Kanakoilpettai is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of East Street Kanakoilpettai has changed

The guideline value for East Street Kanakoilpettai has remained stable at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision recorded a guideline value of Rs 402 per sq.ft, which means there has been a significant increase of 49% from 2017 to 2023, and overall, the increase from 2017 to 2024 is also 49%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only recorded revisions are from 2017, 2023, and 2024, with the most recent value aligning with the median of Rs 600 per sq.ft for the village.

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 is Rs 600 per sq.ft, which is equal to the 2024 figure for East Street Kanakoilpettai. Below are other streets in Thirukalukundrem A:

• East Street Mangalam: Rs 600 per sq.ft (2024)
• Dr.Ambedkar Street: Rs 600 per sq.ft (2024)
• Dharmarajakoil Street: Rs 600 per sq.ft (2024)
• Cross Street (Vanniar): Rs 700 per sq.ft (2024)
• Cpt Salai: Rs 1,005 per sq.ft (2024)
• Gandhi Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in East Street Kanakoilpettai

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total charges Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Street Kanakoilpettai?

The Sub Registrar Office that covers East 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 a crucial factor when buying or selling property in Thirukalukundrem A, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property registration process.

When a buyer and seller agree on a sale price, the guideline value is compared to this price. The higher of the two values is then used to assess the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of East Street Kanakoilpettai?

The current guideline value of East Street Kanakoilpettai is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 49%. There has been no change from the 2023 revision to the 2024 revision, as both years have the same value of Rs 600 per sq.ft.

What are the other streets with similar guideline values in Thirukalukundrem A?

Other streets in Thirukalukundrem A, such as East Street Mangalam, Dr.Ambedkar Street, and Gandhi Street, also have a guideline value of Rs 600 per sq.ft for 2024.

How is the stamp duty calculated for properties in East Street Kanakoilpettai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.

Where can I find the Sub Registrar Office for East Street Kanakoilpettai?

The Sub Registrar Office covering East Street Kanakoilpettai is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.