Guideline Value for KANDAPPAN NAICKEN STREET

Kandappan Naicken Street guideline value

The current guideline value of Kandappan Naicken Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO and is classified as Residential Class II Type - I.

How the guideline value of Kandappan Naicken Street has changed

The guideline value for Kandappan Naicken Street has undergone several revisions over the years. In 2017, the value was set at Rs 603 per sq.ft. It then increased to Rs 900 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Kandappan Naicken Street is above this median.

• Kandan Nagar: Rs 1,099 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 Kandappan Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760, bringing the total charges to Rs 88,920. 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kandappan Naicken Street?

The Sub Registrar Office that covers Kandappan Naicken Street is 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. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kandappan Naicken Street?

The current guideline value of Kandappan Naicken Street is Rs 988 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 603 per sq.ft in 2017 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the land classification of Kandappan Naicken Street?

Kandappan Naicken Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kandappan Naicken Street?

The Sub Registrar Office for Kandappan Naicken Street is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated for properties in Tiruttani?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, at the current guideline value of Rs 988 per sq.ft, the stamp duty would be calculated accordingly during the registration process.