Guideline Value for KANDASWAMY STREET

Kandaswamy Street guideline value

The current guideline value of Kandaswamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village and falls under the Thiruttani SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Kandaswamy Street has changed

The guideline value for Kandaswamy Street has seen significant changes over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision has further raised the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO with 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. Kandaswamy Street's 2024 guideline value is above this median.

• Kandappan Naicken Street: Rs 988 per sq.ft (2024)
• Kandan Nagar: Rs 1,099 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 Kandaswamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kandaswamy Street?

The Sub Registrar Office that covers Kandaswamy 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 information.

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

The guideline value is an essential factor in property transactions in Tiruttani. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the legal requirements are met during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Tiruttani.

Frequently asked questions

What is the current guideline value of Kandaswamy Street?

The current guideline value of Kandaswamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Kandaswamy Street?

Kandaswamy Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Thiruttani Sub Registrar Office located?

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

How is stamp duty calculated for properties in Kandaswamy Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.