Guideline Value for KANDHAMAPURAM

Kandhamapuram guideline value

The current guideline value for Kandhamapuram in Vanagaram village is Rs 1,660 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Kandhamapuram has changed

The guideline value for Kandhamapuram has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,660 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2023 to 2024 was an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO, with a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value is Rs 1,660 per sq.ft, which matches the guideline value of Kandhamapuram.

• Kandhasamy Nagar: Rs 1,660 per sq.ft (2024)
• Kandhasamy Nagar 1st Cross Street: Rs 1,660 per sq.ft (2024)
• Kandhasamy Nagar 1st Street: Rs 1,660 per sq.ft (2024)
• Kandhasamy Nagar 2nd Cross Street: Rs 1,660 per sq.ft (2024)
• Kandhasamy Nagar 2nd Street: Rs 1,660 per sq.ft (2024)
• Kandhasamy Nagar 3rd Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Kandhamapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, totaling Rs 1,49,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kandhamapuram?

Kandhamapuram is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property in the area.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property is assessed. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Kandhamapuram?

The current guideline value for Kandhamapuram is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the median guideline value in Vanagaram?

The median guideline value in Vanagaram is Rs 1,660 per sq.ft, which is the same as the guideline value for Kandhamapuram.

What are the stamp duty rates for property in Kandhamapuram?

The stamp duty rate for property in Kandhamapuram is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Kandhamapuram?

The Chennai South Joint I Sub Registrar Office handles registrations for Kandhamapuram, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.