Guideline Value for Kaithemillath Nagar 2nd Street

Kaithemillath Nagar 2nd Street guideline value

The current guideline value of Kaithemillath Nagar 2nd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Kaithemillath Nagar 2nd Street has changed

In the 2017 revision, the guideline value for Kaithemillath Nagar 2nd Street was Rs 804 per sq.ft. It increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, placing Kaithemillath Nagar 2nd Street's 2024 figure below that median.

• Kaithemillath Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Kaithemillath Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Kalaingar Karunanidhi Street (Anna Nagar): Rs 1,760 per sq.ft (2024)
• Kalaivanar Street (Kenndy Nagar): Rs 2,350 per sq.ft (2024)
• Kalivanar Street: Rs 1,320 per sq.ft (2024)
• Kamarajapuram Gandhi Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kaithemillath Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kaithemillath Nagar 2nd Street?

The Kaithemillath Nagar 2nd Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Anakaputhur, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the guideline value, as it ensures compliance with legal requirements during the registration process. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Kaithemillath Nagar 2nd Street?

The current guideline value of Kaithemillath Nagar 2nd Street 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 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the registration fees for properties in Kaithemillath Nagar 2nd Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%, and the registration fee would be 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 office handles the registration for Kaithemillath Nagar 2nd Street?

The Pammal Sub Registrar Office handles the registration for Kaithemillath Nagar 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Kaithemillath Nagar 2nd Street?

Kaithemillath Nagar 2nd Street is classified as Residential Class II Type - II. This classification is important for determining the guideline value and other regulatory aspects of property transactions.