Guideline Value for KANDAPPA GRAMANI STREET

Kandappa Gramani Street guideline value

The current guideline value of Kandappa Gramani Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kandappa Gramani Street has changed

The guideline value for Kandappa Gramani Street has undergone several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, this figure decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 4,900 per sq.ft in 2024, representing a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Kandappa Gramani Street. Overall, from 2007 to 2024, the guideline value has increased by 172%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry 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 Gramani Street's current value below that median.

• Kandappa Achary Street: Rs 6,500 per sq.ft (2024)
• Kandappa Mudali High Road (A) Thana Street: Rs 9,900 per sq.ft (2024)
• Kandaswamy Koil Street: Rs 6,000 per sq.ft (2024)
• Kancheepuram Munuswamy Maistry Street: Rs 5,500 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 Gramani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total charges to Rs 4,41,000. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kandappa Gramani Street?

The Sub Registrar Office that covers Kandappa Gramani Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded accurately in the official records.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can impact the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Kandappa Gramani Street?

The current guideline value of Kandappa Gramani Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen fluctuations, starting from Rs 1,800 per sq.ft in 2007, rising to Rs 4,500 per sq.ft in 2012, then decreasing to Rs 3,015 per sq.ft in 2017, and increasing again to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,900 per sq.ft in 2024.

What is the land classification for Kandappa Gramani Street?

Kandappa Gramani Street is classified as Residential Class III Type - II, which indicates its designation for residential purposes within the area.

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

The Sub Registrar Office for Kandappa Gramani Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Kandappa Gramani Street?

The stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.