Guideline Value for KOTHANDARAMAN NAGAR MAIN ROAD

Kothandaraman Nagar Main Road guideline value

The current guideline value of Kothandaraman Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Kothandaraman Nagar Main Road has changed

The guideline value for Kothandaraman Nagar Main Road has seen significant revisions over the years. In 2002, the guideline value was Rs 218 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 38% rise. The value further rose to Rs 600 per sq.ft in 2007, reflecting a 100% increase. By 2012, the value was Rs 2,000 per sq.ft, a substantial increase of 233%. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value increased again to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years not listed in the register for Kothandaraman Nagar Main Road. Overall, from 2002 to 2024, the guideline value has increased by 909%.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Kothandaraman Nagar Main Road is below this median.

• Kothandaraman Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kothandaraman Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kothandaraman Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kothandaraman Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kulakkarai Street: Rs 2,800 per sq.ft (2024)
• Kazhiveli Salai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kothandaraman Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kothandaraman Nagar Main Road?

The Kothandaraman Nagar Main Road falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Perungudi. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Kothandaraman Nagar Main Road?

The current guideline value of Kothandaraman Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 218 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 909% over the years.

What are the stamp duty and registration fees for property in Kothandaraman Nagar Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Kothandaraman Nagar Main Road?

The Neelankarai Sub Registrar Office covers Kothandaraman Nagar Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Kothandaraman Nagar Main Road?

Kothandaraman Nagar Main Road is classified as Residential Class IV Type - I, indicating its suitability for residential development.