Guideline Value for KANDHAN STREET

Kandhan Street guideline value

The current guideline value of Kandhan Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Kandhan Street has changed

The guideline value for Kandhan Street has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 369 per sq.ft. This value increased to Rs 500 per sq.ft in 2007, followed by a significant rise to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017, before jumping to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 3,800 per sq.ft. Notably, there is no figure available for the year 2002 in the register.

Between these revisions, the changes in guideline value are as follows: from 2003 to 2007, there was an increase of 36%; from 2007 to 2012, a remarkable rise of 600%; then a decrease of 33% from 2012 to 2017; followed by a substantial increase of 49% from 2017 to 2023; and finally, a 9% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 930%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Kandhan Street's current guideline value of Rs 3,800 per sq.ft is above this median.

• Kannabiran Koil Street: Rs 4,300 per sq.ft (2024)
• Kandappa Pillai Street: Rs 3,800 per sq.ft (2024)
• Kanagammal Lane: Rs 2,200 per sq.ft (2024)
• Kamraj Street: Rs 2,200 per sq.ft (2024)
• Kamraj New Colony: Rs 3,200 per sq.ft (2024)
• Kamatchi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kandhan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandhan Street?

Kandhan Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Perambur. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer and seller must agree on a sale price, but the registration office will use the guideline value to calculate the applicable fees. If the sale price is lower than the guideline value, the fees will be based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Kandhan Street?

The current guideline value of Kandhan Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 369 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 930% over this period.

What is the registration office for Kandhan Street?

The registration office for Kandhan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Kandhan 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 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.

What other streets have guideline values in Perambur?

Other streets in Perambur include Kannabiran Koil Street at Rs 4,300 per sq.ft, Kandappa Pillai Street at Rs 3,800 per sq.ft, and several others with varying rates.