Guideline Value for KANTHAPAR NAGAR
₹275/sq.ft.
The guideline value for Kanthapar Nagar in Iyaampettai village (Walajabad SRO, Chengalpattu zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Iyaampettai
Village
Walajabad
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹275 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /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
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
Records for a plot on Kanthapar Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Walajabad sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Kanthapar Nagar guideline value
The current guideline value of Kanthapar Nagar in Iyaampettai village is Rs 275 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.
How the guideline value of Kanthapar Nagar has changed
The guideline value for Kanthapar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. In 2023, the value rose to Rs 250 per sq.ft, and then increased again to Rs 275 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.
Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The most significant change occurred between 2017 and 2023, where the value surged by 50% from Rs 167 per sq.ft to Rs 250 per sq.ft.
Guideline values in Iyaampettai
Iyaampettai village has 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 660 per sq.ft, with a median of Rs 550 per sq.ft. The guideline value for Kanthapar Nagar is below this median.
- Kanthappar Street: Rs 550 per sq.ft (2024)
- Kezh Street: Rs 550 per sq.ft (2024)
- Main Road: Rs 550 per sq.ft (2024)
- Male Street: Rs 550 per sq.ft (2024)
- Melmadaveethi: Rs 550 per sq.ft (2024)
- Nadu Street: Rs 550 per sq.ft (2024)
Stamp duty and registration fee for property in Kanthapar Nagar
For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.
Which Sub Registrar Office covers Kanthapar Nagar?
The Kanthapar Nagar property falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Iyaampettai
The guideline value plays a crucial role during the registration process of property transactions in Iyaampettai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.
When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of Kanthapar Nagar?
The current guideline value of Kanthapar Nagar is Rs 275 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 275 per sq.ft in 2024, with notable changes including a drop to Rs 167 per sq.ft in 2017 and a rise to Rs 250 per sq.ft in 2023.
What are the other streets in Iyaampettai with their guideline values?
Other streets in Iyaampettai under the Walajabad SRO have a guideline value of Rs 550 per sq.ft in 2024, including Kanthappar Street, Kezh Street, Main Road, Male Street, Melmadaveethi, and Nadu Street.
How is the stamp duty calculated for properties in Kanthapar Nagar?
Stamp duty for properties in Kanthapar Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,75,000 would incur a stamp duty of Rs 19,250 at 7%.
Where can I find the Sub Registrar Office for Kanthapar Nagar?
The Sub Registrar Office covering Kanthapar Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.
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