Guideline Value for KAOOAPURIAMMAN NAGAR

Kaooapuriamman Nagar guideline value

The current guideline value of Kaooapuriamman Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO and is classified as Residential Class III Type - I.

How the guideline value of Kaooapuriamman Nagar has changed

The guideline value for Kaooapuriamman Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 502 per sq.ft. This figure increased to Rs 750 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the guideline value of Kaooapuriamman Nagar.

• Kannigapuram Main Road: Rs 825 per sq.ft (2024)
• Kari Medu: Rs 770 per sq.ft (2024)
• Karunanidhi Nagar: Rs 825 per sq.ft (2024)
• Kandaswamy Street: Rs 1,100 per sq.ft (2024)
• Kandappan Naicken Street: Rs 988 per sq.ft (2024)
• Kandan Nagar: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Kaooapuriamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaooapuriamman Nagar?

The Sub Registrar Office that covers Kaooapuriamman Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tiruttani, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kaooapuriamman Nagar?

The current guideline value of Kaooapuriamman Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 825 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Kaooapuriamman Nagar?

For a 1,000 sq.ft property, the total guideline value is Rs 8,25,000. The stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles property registrations in Kaooapuriamman Nagar?

The Thiruttani Sub Registrar Office handles property registrations for Kaooapuriamman Nagar, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and influences the stamp duty and registration fees. It is essential for buyers and sellers to be aware of this value to ensure a smooth transaction process.