Guideline Value for KANDAN NAGAR

Kandan Nagar guideline value

The current guideline value of Kandan Nagar is Rs 1,099 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class I Type - I.

How the guideline value of Kandan Nagar has changed

The guideline value for Kandan Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value further to Rs 1,099 per sq.ft, marking a 10% increase from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Kandan Nagar in the register.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO, with guideline values ranging from Rs 548 to Rs 1,540 per sq.ft as of 2024. The median guideline value for these streets is Rs 825 per sq.ft, placing Kandan Nagar's 2024 figure above this median.

• Kandappan Naicken Street: Rs 988 per sq.ft (2024)
• Kandaswamy Street: Rs 1,100 per sq.ft (2024)
• Kannigapuram Main Road: Rs 825 per sq.ft (2024)
• Kaooapuriamman Nagar: Rs 825 per sq.ft (2024)
• Kari Medu: Rs 770 per sq.ft (2024)
• Kamarajar Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kandan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would be Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total cost to Rs 98,910. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kandan Nagar?

Kandan Nagar falls under the jurisdiction of 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Tiruttani, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as the registration fees and stamp duty are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. This value is also used to assess the applicable taxes during the registration process.

Frequently asked questions

What is the current guideline value of Kandan Nagar?

The current guideline value of Kandan Nagar is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,099 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the registration office for Kandan Nagar?

Kandan Nagar is covered by 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.

How is stamp duty calculated for properties in Kandan Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 76,930.

What are the guideline values of other streets in Tiruttani?

Other streets in Tiruttani have varying guideline values. For instance, Kandaswamy Street is valued at Rs 1,100 per sq.ft, while Kannigapuram Main Road and Kaooapuriamman Nagar are both valued at Rs 825 per sq.ft as of 2024.