Guideline Value for KANTHAPPAN COLONY

Kanthappan Colony guideline value

The current guideline value of Kanthappan Colony in Puliyur village is Rs 5,000 per sq.ft, effective from 1 July 2024. This property falls under the Kodambakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Kanthappan Colony has changed

The guideline value of Kanthappan Colony has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012, marking a rise of 283%. However, it then decreased to Rs 3,082 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,600 per sq.ft in 2023 and is now set at Rs 5,000 per sq.ft in 2024, reflecting a 9% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Kanthappan Colony's 2024 figure is below the median.

• Kanniappan Street (Choolaimedu): Rs 4,400 per sq.ft (2024)
• Karnan Lane: Rs 5,000 per sq.ft (2024)
• Karnan Street: Rs 6,300 per sq.ft (2024)
• Kannappa Street (Behind Ambika Empire): Rs 6,300 per sq.ft (2024)
• Karumari Amman Koil Street: Rs 5,000 per sq.ft (2024)
• Kannagi Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kanthappan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total charges together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kanthappan Colony?

The Sub Registrar Office that covers Kanthappan Colony is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value of Kanthappan Colony?

The current guideline value of Kanthappan Colony is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 317% over the years.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, while Kanthappan Colony's value is below this median.

What are the stamp duty and registration fees for property in Kanthappan Colony?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Where is the Sub Registrar Office for Kanthappan Colony located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.