Guideline Value for KANDAPPA PILLAI STREET

Kandappa Pillai Street guideline value

The current guideline value of Kandappa Pillai Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Kandappa Pillai Street has changed

The guideline value for Kandappa Pillai Street has undergone several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 465 per sq.ft. This increased to Rs 700 per sq.ft in 2007, marking a significant rise of 51%. The value then surged to Rs 3,500 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it saw a decrease to Rs 2,345 per sq.ft in 2017, which was a decline of 33%. The most recent revisions show the value at Rs 3,500 per sq.ft in 2023, followed by an increase to Rs 3,800 per sq.ft in 2024, which is a rise of 9%. The register has no figure for this street for the year 2002.

Overall, from the 2003 revision to the current 2024 figure, the guideline value has increased by 717%. The changes reflect the fluctuations in the property market and the adjustments made in the guideline values over the years.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the 2024 figure for Kandappa Pillai Street above the median.

• Kandhan Street: Rs 3,800 per sq.ft (2024)
• Kannabiran Koil Street: Rs 4,300 per sq.ft (2024)
• Kanagammal Lane: Rs 2,200 per sq.ft (2024)
• Kamraj Street: Rs 2,200 per sq.ft (2024)
• Kamraj New Colony: Rs 3,200 per sq.ft (2024)
• Kamatchi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kandappa Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000. Together, the total fees would be Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kandappa Pillai Street?

The Sub Registrar Office that covers Kandappa Pillai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the stamp duty and registration fees are calculated based on this guideline value, ensuring that both parties adhere to the legal requirements set by the government.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Understanding the guideline value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Kandappa Pillai Street?

The current guideline value of Kandappa Pillai Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 465 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 717% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations for Kandappa Pillai Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Kandappa Pillai Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Kandappa Pillai Street?

Kandappa Pillai Street is classified as Residential Class II Type - II, indicating its use for residential purposes.