Guideline Value for KANDHASAMY NAGAR PHASE -III

Kandhasamy Nagar Phase -III guideline value

The current guideline value of Kandhasamy Nagar Phase -III is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Thaiyur-A village and falls under the Thiruporur Sub Registrar Office (SRO). The land classification for this locality is Residential Special Type - I.

How the guideline value of Kandhasamy Nagar Phase -III has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure reflects a significant increase of 49% when compared to the current guideline value of Rs 1,200 per sq.ft established in 2023. The revisions for the years 2002, 2003, 2007, 2012, and 2024 do not have any figures listed for this street in the register.

As we look at the changes over the years, the most notable revision occurred from 2017 to 2023, where the guideline value rose from Rs 804 to Rs 1,200 per sq.ft. This increase indicates a substantial adjustment in the valuation of properties in this area, but no figures are available for the other years mentioned.

Guideline values in Thaiyur-A

Kandhasamy Nagar Phase -III is situated within the Thaiyur-A locality, which does not have specific guideline values listed for other streets. The following are the other streets in Thaiyur-A:

Stamp duty and registration fee for property in Kandhasamy Nagar Phase -III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, these fees would total Rs 1,08,000. 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 Kandhasamy Nagar Phase -III?

The Kandhasamy Nagar Phase -III area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value plays a crucial role when buying or selling property in Thaiyur-A. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When a buyer approaches the registration office, they must provide the guideline value to calculate the applicable fees. This process helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved in the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Kandhasamy Nagar Phase -III?

The current guideline value of Kandhasamy Nagar Phase -III is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft in 2023, reflecting a 49% rise. The revisions for the years 2002, 2003, 2007, 2012, and 2024 do not have any figures for this street.

What are the stamp duty and registration fees for property in Kandhasamy Nagar Phase -III?

The stamp duty is charged at 7%, and the registration fee is at 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000, which includes Rs 84,000 for stamp duty and Rs 24,000 for the registration fee.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the registration department and serves as a minimum benchmark for property transactions. It is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price during the registration process.