Guideline Value for KODIKATHA KUMARAN 2ND CROSS STREET (WARD -8)

Kodikatha Kumaran 2nd Cross Street (Ward -8) guideline value

The current guideline value for Kodikatha Kumaran 2nd Cross Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Kodikatha Kumaran 2nd Cross Street (Ward -8) has changed

The guideline value for Kodikatha Kumaran 2nd Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 49% from that year to 2023. The 2012 revision had the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figure for the years 2002, 2003, and 2007 for this street. Therefore, the earliest available revision is from 2012, when the value was Rs 1,200 per sq.ft.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kodikatha Kumaran 2nd Cross Street's 2024 figure above that median.

• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kolatheswar Kovil Street (Kr): Rs 661 per sq.ft (2024)
• Korukkanthangal Salai (Ward -18): Rs 660 per sq.ft (2024)
• Kothari Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Kothari Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kodikatha Kumaran 2nd Cross Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. 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 detailed calculations.

Which Sub Registrar Office covers Kodikatha Kumaran 2nd Cross Street (Ward -8)?

The Kodikatha Kumaran 2nd Cross Street (Ward -8) falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the value of the property for the purposes of stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for Kodikatha Kumaran 2nd Cross Street?

The current guideline value for Kodikatha Kumaran 2nd Cross Street (Ward -8) is Rs 1,320 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 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing significant changes over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty is Rs 92,400 at 7%, and the registration fee is Rs 26,400 at 2%, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Kodikatha Kumaran 2nd Cross Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Kodikatha Kumaran 2nd Cross Street?

The land classification for Kodikatha Kumaran 2nd Cross Street (Ward -8) is Residential Special Type - V, indicating its designation for residential purposes.