Guideline Value for KAANTHALIAMMAN KOIL STREET (WARD -15)

Kaanthaliamman Koil Street (Ward -15) guideline value

The current guideline value of Kaanthaliamman Koil Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kaanthaliamman Koil Street (Ward -15) has changed

The guideline value for Kaanthaliamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following that, the value increased to Rs 500 per sq.ft in the 2023 revision, and finally, it rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, indicating that Kaanthaliamman Koil Street's 2024 figure is below that median.

• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J P Watch Man (Per): Rs 660 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kaanthaliamman Koil Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Please 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 further calculations.

Which Sub Registrar Office covers Kaanthaliamman Koil Street (Ward -15)?

The Sub Registrar Office that covers Kaanthaliamman Koil Street (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Panangottur. 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 buyers and sellers understand the legal valuation of the property. This ensures transparency in transactions and helps in avoiding disputes related to property valuation during the registration process.

Frequently asked questions

What is the current guideline value of Kaanthaliamman Koil Street?

The current guideline value of Kaanthaliamman Koil Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for Kaanthaliamman Koil Street?

Kaanthaliamman Koil Street is classified as Residential Class II Type - I. This classification impacts the guideline value and the type of development allowed in the area.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles property registrations for Kaanthaliamman Koil Street and surrounding areas.

What is the stamp duty on property in Kaanthaliamman Koil Street?

The stamp duty for property in Kaanthaliamman Koil Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.