Guideline Value for KANTHAPPAR STREET

Kanthappar Street guideline value

The current guideline value of Kanthappar Street in Iyaampettai village, under the Walajabad SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Kanthappar Street has changed

Over the years, the guideline value of Kanthappar Street has seen several revisions. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 335 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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. The median value is Rs 550 per sq.ft, which is equal to the guideline value of Kanthappar Street.

• Kanthapar Nagar: Rs 275 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 Kanthappar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanthappar Street?

The Kanthappar Street is covered by 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 is a crucial factor during the registration of property transactions in Iyaampettai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Kanthappar Street?

The current guideline value of Kanthappar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for Kanthappar Street?

Kanthappar Street is classified as Residential Class I Type - I.

Where can I find the registration office for Kanthappar Street?

The registration office for Kanthappar Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Iyaampettai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for registration fees.