Guideline Value for KANDHASAMY STREET

Kandhasamy Street guideline value

The current guideline value of Kandhasamy Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Kandhasamy Street has changed

Over the years, the guideline value of Kandhasamy Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the following 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kandhasamy Street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is the same as the guideline value for Kandhasamy Street.

• Kambar Street: Rs 1,700 per sq.ft (2024)
• Kannappan Garden: Rs 1,700 per sq.ft (2024)
• Kanniappan Garden: Rs 1,700 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Kalyani Narayanan Garden: Rs 1,100 per sq.ft (2024)
• Kaliangar Karunanidhi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kandhasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 Street?

The Sub Registrar Office that covers Kandhasamy Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Karapakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

This valuation helps in maintaining transparency in property transactions and provides a reference point for both buyers and sellers. It is essential to be aware of the current guideline value when engaging in any real estate activities in the area.

Frequently asked questions

What is the current guideline value of Kandhasamy Street?

The current guideline value of Kandhasamy Street is Rs 1,700 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 back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Kandhasamy Street?

Kandhasamy Street is classified as Residential Class II Type - III under the Neelankarai SRO.

What are the stamp duty and registration fees for a property on Kandhasamy Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would be Rs 1,53,000, which includes Rs 1,19,000 for stamp duty and Rs 34,000 for registration fees.

Where is the Sub Registrar Office for Kandhasamy Street located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.