Guideline Value for KANDASAMY ST (RA PURAM)

Kandasamy St (Ra Puram) guideline value

The current guideline value of Kandasamy St (Ra Puram) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class III Type - III.

How the guideline value of Kandasamy St (Ra Puram) has changed

The guideline value for Kandasamy St (Ra Puram) has undergone several revisions over the years. In 2012, the value was Rs 8,000 per sq.ft, which decreased to Rs 5,360 per sq.ft in 2017. Following this, the value increased significantly to Rs 8,000 per sq.ft in 2023, and then to the current rate of Rs 8,800 per sq.ft in 2024.

Between the revisions, notable changes include a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, which is equal to the current figure for Kandasamy St (Ra Puram).

• Kandasamy Street (Dr.Radhakrishnan Salai): Rs 13,200 per sq.ft (2024)
• Kandasamy Street (Mylapore): Rs 8,200 per sq.ft (2024)
• Kandasamy Lane: Rs 7,100 per sq.ft (2024)
• Kangaiamman Koil Lane: Rs 8,200 per sq.ft (2024)
• Kangaiamman Koil Street: Rs 8,200 per sq.ft (2024)
• Kangaiya Puram: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kandasamy St (Ra Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, leading to a total of Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kandasamy St (Ra Puram)?

The Kandasamy St (Ra Puram) falls under the Mylapore Sub Registrar Office located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property registration in Mylapore. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kandasamy St (Ra Puram)?

The current guideline value of Kandasamy St (Ra Puram) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then increased to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,800 per sq.ft in 2024.

What is the land classification for Kandasamy St (Ra Puram)?

Kandasamy St (Ra Puram) is classified as Residential Class III Type - III.

What is the stamp duty for property in Kandasamy St (Ra Puram)?

The stamp duty for property in Kandasamy St (Ra Puram) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kandasamy St (Ra Puram)?

The Sub Registrar Office covering Kandasamy St (Ra Puram) is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.