Guideline Value for KANDASAMY ST

Kandasamy St guideline value

The current guideline value of Kandasamy St in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Kandasamy St has changed

The guideline value for Kandasamy St has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease in 2017 to Rs 603 per sq.ft. However, the value saw a significant increase in the subsequent revisions, rising to Rs 900 per sq.ft in 2023, and then to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is the same as the 2024 guideline value for Kandasamy St.

• Kandasamy Nagar Streets: Rs 988 per sq.ft (2024)
• Kandasamy 2nd Street (West): Rs 988 per sq.ft (2024)
• Kandasamy 2nd Street (East): Rs 988 per sq.ft (2024)
• Kandasamy 2nd St (East): Rs 988 per sq.ft (2024)
• Kandasamy 1st Street (West): Rs 988 per sq.ft (2024)
• Kandasamy 1st Street (East): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kandasamy St

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, and the registration fee at 2% would be Rs 19,760, bringing the total fees together 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandasamy St?

The Sub Registrar Office that covers Kandasamy St is the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess either the sale price or the guideline value, whichever is higher, to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kandasamy St?

The current guideline value of Kandasamy St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Kandasamy St?

Kandasamy St is classified as Residential Class II Type - I under the guideline value register.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Kandasamy St?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160.