Guideline Value for K.P.N. Kandigai Arunthathi Colony

K.P.N. Kandigai Arunthathi Colony guideline value

The current guideline value of K.P.N. Kandigai Arunthathi Colony is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Class V Type - III.

How the guideline value of K.P.N. Kandigai Arunthathi Colony has changed

The guideline value for K.P.N. Kandigai Arunthathi Colony has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 50 per sq.ft. This increased to Rs 200 per sq.ft in 2012, but then decreased to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 150 per sq.ft, which remains unchanged in the 2024 revision.

Between these revisions, the changes were significant. From 2007 to 2012, there was a notable increase of 300%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 12% from 2017 to 2023, and there was no change from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Ammayarkuppam

Ammayarkuppam village features 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value in this area is Rs 260 per sq.ft, placing K.P.N. Kandigai Arunthathi Colony's 2024 figure below that median.

• K.P.N. Kandigai Harijana Colony: Rs 150 per sq.ft (2024)
• Koil Street: Rs 260 per sq.ft (2024)
• Kulakarai St: Rs 260 per sq.ft (2024)
• Kumaran Street: Rs 260 per sq.ft (2024)
• Kanniamman Koil St: Rs 150 per sq.ft (2024)
• L.N. Koil Street: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in K.P.N. Kandigai Arunthathi Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.P.N. Kandigai Arunthathi Colony?

The K.P.N. Kandigai Arunthathi Colony is covered by the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ammayarkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.P.N. Kandigai Arunthathi Colony?

The current guideline value of K.P.N. Kandigai Arunthathi Colony is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 50 per sq.ft in 2007, reaching Rs 200 per sq.ft in 2012, and then fluctuating to Rs 134 per sq.ft in 2017. The value remained at Rs 150 per sq.ft in both 2023 and 2024.

What is the median guideline value in Ammayarkuppam?

The median guideline value in Ammayarkuppam is Rs 260 per sq.ft, with K.P.N. Kandigai Arunthathi Colony's 2024 figure being below this median.

What are the stamp duty and registration fees for K.P.N. Kandigai Arunthathi Colony?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for K.P.N. Kandigai Arunthathi Colony?

The Ramakrishna Rajupettai Sub Registrar Office handles property registration for K.P.N. Kandigai Arunthathi Colony, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.