Guideline Value for Inthalamman Koil Street

Inthalamman Koil Street guideline value

The current guideline value of Inthalamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kandamangalam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - II.

How the guideline value of Inthalamman Koil Street has changed

Inthalamman Koil Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, the value increased significantly to Rs 100 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Inthalamman Koil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 100 per sq.ft, indicating stability in this period.

Guideline values in Kandamangalam

In Kandamangalam village, there are 10 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 510 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Inthalamman Koil Street below this median.

• Habeeb Avenue: Rs 500 per sq.ft (2024)
• Kandamangalam Street: Rs 100 per sq.ft (2024)
• Dell city: Rs 510 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Inthalamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Inthalamman Koil Street?

The Sub Registrar Office that covers Inthalamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official valuation set by the government. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Inthalamman Koil Street?

The current guideline value of Inthalamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the 2012 revision at Rs 100 per sq.ft, dropping to Rs 67 per sq.ft in 2017, and returning to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for Inthalamman Koil Street?

Inthalamman Koil Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Inthalamman Koil Street?

The registration for Inthalamman Koil Street is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.