Guideline Value

Corporate

Guideline Value for KANDHASAMY NAGAR 5TH STREET

₹1660/sq.ft.

The guideline value for Kandhasamy Nagar 5th Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kandhasamy Nagar 5th Street

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Kandhasamy Nagar 5th Street guideline value

The current guideline value of Kandhasamy Nagar 5th Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kandhasamy Nagar 5th Street has changed

The guideline value for Kandhasamy Nagar 5th Street has experienced several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,660 per sq.ft, an increase of 11% from Rs 1,500 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a significant increase of 49% from the previous 2012 figure of Rs 1,500 per sq.ft. It is important to note that there are no registered figures for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, and overall, from 2012 to 2024, there has been an increase of 11%. This reflects the fluctuations in the guideline values over the years, which are determined by various factors.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry 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 is equal to the 2024 guideline value for Kandhasamy Nagar 5th Street.

Stamp duty and registration fee for property in Kandhasamy Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total cost together to Rs 1,49,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kandhasamy Nagar 5th Street?

The Kandhasamy Nagar 5th Street falls under 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vanagaram, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in the property transfer. Understanding these values helps ensure compliance with local regulations and facilitates a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kandhasamy Nagar 5th Street?

The current guideline value of Kandhasamy Nagar 5th 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 2023 to Rs 1,660 per sq.ft in 2024, which is an increase of 11%. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing fluctuations over the years.

What is the land classification for Kandhasamy Nagar 5th Street?

Kandhasamy Nagar 5th Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Kandhasamy Nagar 5th Street?

The registration office for Kandhasamy Nagar 5th Street is 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.

How is the stamp duty calculated for properties in Kandhasamy Nagar 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 16,60,000, the stamp duty at 7% would be Rs 1,16,200.