Guideline Value for KUNDALAKESI STREET (N)

Kundalakesi Street (N) guideline value

The current guideline value of Kundalakesi Street (N) in Sattamangalam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Kundalakesi Street (N) has changed

Over the years, the guideline value for Kundalakesi Street (N) has seen several revisions. The 2012 revision recorded a guideline value of Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.

In summary, the guideline value has changed as follows: from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, representing a 49% increase. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kundalakesi Street (N) above this median at Rs 1,320 per sq.ft.

• Kuravanji Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• K V Vines Nagar (Sa): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kundalakesi Street (N)

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, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kundalakesi Street (N)?

The Sub Registrar Office that covers Kundalakesi Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sattamangalam. It serves as a reference point for determining the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kundalakesi Street (N)?

The current guideline value of Kundalakesi Street (N) 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Sattamangalam?

The median guideline value for streets in Sattamangalam is Rs 1,100 per sq.ft. Kundalakesi Street (N) is above this median at Rs 1,320 per sq.ft.

What is the stamp duty rate for properties in Kundalakesi Street (N)?

The stamp duty rate for properties in Kundalakesi Street (N) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kundalakesi Street (N) located?

The Sub Registrar Office for Kundalakesi Street (N) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.