Guideline Value for K C STREET

K C Street guideline value

The current guideline value of K C Street in Tiruttani village, under the Thiruttani SRO, is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of K C Street has changed

The guideline value for K C Street has undergone several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased significantly to Rs 750 per sq.ft in the 2023 revision. With the latest revision in 2024, the value rose to Rs 825 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for K C Street for the years 2002, 2003, 2007, and 2012. This lack of data means that the only revisions that reflect changes in the guideline value are from 2017, 2023, and 2024.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, which is the same as the current guideline value for K C Street.

• Katcheri Street: Rs 770 per sq.ft (2024)
• KASTHURIBAI STREET ( T V Malai): Rs 825 per sq.ft (2024)
• Karunanidhi Nagar: Rs 825 per sq.ft (2024)
• Krishnama Chetty Street: Rs 825 per sq.ft (2024)
• Kari Medu: Rs 770 per sq.ft (2024)
• Kaooapuriamman Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in K C Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty is charged at 7%, which totals Rs 57,750, and the registration fee is charged at 2%, amounting to Rs 16,500. Together, the total costs for stamp duty and registration fee would be Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K C Street?

The Sub Registrar Office that covers K C Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of K C Street?

The current guideline value of K C Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for K C Street?

K C Street is classified under Residential Class III Type - I as per the guidelines set by the registration department.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated for properties in K C Street?

Stamp duty for properties in K C Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 8,25,000, leading to a stamp duty of Rs 57,750 at a rate of 7%.