Guideline Value for Kadhar Thottam

Kadhar Thottam guideline value

The current guideline value of Kadhar Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Kadhar Thottam has changed

The guideline value for Kadhar Thottam has experienced several revisions over the years. Starting from Rs 285 per sq.ft in 2002, it increased to Rs 324 per sq.ft in 2003, marking a rise of 14%. The value then saw a significant jump to Rs 1,200 per sq.ft in 2007, which is an increase of 270%. In 2012, the value was revised to Rs 3,000 per sq.ft, reflecting a 150% rise from the previous figure. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The most recent revisions show an increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,058%. There are no figures available for the revisions in years other than those listed.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Kadhar Thottam is below this median.

• Joseph Street First Street: Rs 4,400 per sq.ft (2024)
• Joseph 2nd Street: Rs 4,400 per sq.ft (2024)
• Joseph 1st Street: Rs 4,400 per sq.ft (2024)
• John Desikan Street: Rs 3,300 per sq.ft (2024)
• Jayaram Naidu Street (Jayaram Street): Rs 2,800 per sq.ft (2024)
• Jain College: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kadhar Thottam

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please 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 precise calculations.

Which Sub Registrar Office covers Kadhar Thottam?

The Sub Registrar Office that covers Kadhar Thottam is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nanganallur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a reference point for the government to assess the value of the property being registered.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kadhar Thottam?

The current guideline value of Kadhar Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 285 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 1,058% over the years.

What is the land classification for Kadhar Thottam?

Kadhar Thottam is classified as Residential Class I Type - III under the Alandur SRO.

What are the stamp duty rates applicable in Kadhar Thottam?

The stamp duty rate for property transactions in Kadhar Thottam is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kadhar Thottam?

The Sub Registrar Office for Kadhar Thottam is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.