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

K.P.N. Kandigai Harijana Colony guideline value

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

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

The guideline value for K.P.N. Kandigai Harijana Colony has undergone several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, in the subsequent revision of 2017, the guideline value decreased to Rs 134 per sq.ft. The 2023 revision maintained this value at Rs 150 per sq.ft, which remains unchanged in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 200%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Ammayarkuppam

Ammayarkuppam village has a total of 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value for these streets is Rs 260 per sq.ft, placing K.P.N. Kandigai Harijana Colony's 2024 figure below this median.

• K.P.N. Kandigai Arunthathi 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 Harijana Colony

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the 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 the stamp duty and registration fee calculator for more detailed calculations.

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

The K.P.N. Kandigai Harijana 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 when registering property transactions in Ammayarkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price and for sellers to set realistic expectations based on the guideline value.

Frequently asked questions

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

The current guideline value of K.P.N. Kandigai Harijana 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 changed from Rs 50 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting an overall increase of 200% over this period.

What is the median guideline value for streets in Ammayarkuppam?

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

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,500, based on the guideline value of Rs 1,50,000.

Where is the Ramakrishna Rajupettai Sub Registrar Office located?

The Ramakrishna Rajupettai Sub Registrar Office is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.