Guideline Value for KANDHASAMY NAGAR 1ST CROSS STREET

Kandhasamy Nagar 1st Cross Street guideline value

The current guideline value of Kandhasamy Nagar 1st Cross Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kandhasamy Nagar 1st Cross Street has changed

The guideline value for Kandhasamy Nagar 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023 and further rose to Rs 1,660 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes between the revisions include a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. 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 guideline values ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,660 per sq.ft, which is equal to the current figure for Kandhasamy Nagar 1st Cross Street.

• Kandhasamy Nagar: 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)
• Kandhamapuram: 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 Kandhasamy Nagar 1st Cross Street

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, bringing the total cost for these fees to Rs 1,49,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kandhasamy Nagar 1st Cross Street?

The Kandhasamy Nagar 1st Cross Street 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 details.

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

The guideline value is a crucial factor when registering property in Vanagaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kandhasamy Nagar 1st Cross Street?

The current guideline value of Kandhasamy Nagar 1st Cross Street 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,60,000, with a stamp duty of Rs 1,16,200 and a registration fee of Rs 33,200, totaling Rs 1,49,400.

Which Sub Registrar Office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kandhasamy Nagar 1st Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Kandhasamy Nagar 1st Cross Street?

The land classification for Kandhasamy Nagar 1st Cross Street is Residential Class III Type - I.