Guideline Value for Kaithemillath Nagar 3rd Street

Kaithemillath Nagar 3rd Street guideline value

The current guideline value of Kaithemillath Nagar 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kaithemillath Nagar 3rd Street has changed

The guideline value for Kaithemillath Nagar 3rd Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has set the value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year and an overall increase of 64% from 2017.

It is important to note that there are no recorded figures for this street in the revisions from the years 2002, 2003, 2007, and 2012. The substantial increase from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024 reflects the changes in the guideline value over this period.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Kaithemillath Nagar 3rd Street is below this median.

• Kaithemillath Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Kaithemillath Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kaithemillath Nagar 3rd Street?

The Sub Registrar Office covering Kaithemillath Nagar 3rd Street is 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 a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the registration office will use the guideline value to calculate the necessary fees, ensuring that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kaithemillath Nagar 3rd Street?

The current guideline value of Kaithemillath Nagar 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in Kaithemillath Nagar 3rd Street?

The Pammal Sub Registrar Office is responsible for property registrations in Kaithemillath Nagar 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically to reflect changes in property values in the area. It serves as a basis for calculating stamp duty and registration fees during property transactions.