Guideline Value for KANDAPPA ACHARY STREET

Kandappa Achary Street guideline value

The current guideline value of Kandappa Achary Street is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kandappa Achary Street has changed

Looking at the revisions of the guideline value, the earliest recorded figure for Kandappa Achary Street is from 2007, which was Rs 2,600 per sq.ft. This figure increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 131%. However, in 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 6,000 per sq.ft in 2023, followed by a further rise to the current value of Rs 6,500 per sq.ft in 2024, which is an increase of 8%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Kandappa Achary Street's current value above this median.

• Kandappa Gramani Street: Rs 4,900 per sq.ft (2024)
• Kandappa Mudali High Road (A) Thana Street: Rs 9,900 per sq.ft (2024)
• Kancheepuram Munuswamy Maistry Street: Rs 5,500 per sq.ft (2024)
• Kandaswamy Koil Street: Rs 6,000 per sq.ft (2024)
• Kanagammal Lane: Rs 4,400 per sq.ft (2024)
• Kannappa Mudali Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kandappa Achary Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total to Rs 5,85,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Kandappa Achary Street?

Kandappa Achary Street is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers and sellers should be aware of this value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Kandappa Achary Street?

The current guideline value of Kandappa Achary Street is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2024, showing an overall increase of 150% over the years.

What was the guideline value in 2023?

In 2023, the guideline value of Kandappa Achary Street was Rs 6,000 per sq.ft.

What is the land classification for Kandappa Achary Street?

Kandappa Achary Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Kandappa Achary Street?

The Purasaivakkam Sub Registrar Office, which covers Kandappa Achary Street, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.