Guideline Value for Kanagambaram Poo Street

Kanagambaram Poo Street guideline value

The current guideline value of Kanagambaram Poo Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Araneri village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Kanagambaram Poo Street has changed

Over the years, the guideline value for Kanagambaram Poo Street has seen several revisions. The earliest recorded value was in 2012 at Rs 300 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 201 per sq.ft. This was followed by a significant increase to Rs 300 per sq.ft in 2023, which was maintained in the 2024 revision, showing no change from the previous year.

Specifically, from 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been no change in the guideline value, remaining at Rs 300 per sq.ft.

Guideline values in Araneri

In Araneri village, there are nine streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 471 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Kanagambaram Poo Street.

• Ishwarya Forms & Resorts: Rs 150 per sq.ft (2024)
• Om Sakthi Nagar: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Poovarasam Poo street: Rs 300 per sq.ft (2024)
• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Vadamalli Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagambaram Poo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 precise calculations.

Which Sub Registrar Office covers Kanagambaram Poo Street?

The Sub Registrar Office that covers Kanagambaram Poo Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Araneri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kanagambaram Poo Street?

The current guideline value of Kanagambaram Poo Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 300 per sq.ft from 2012 to 2024, with a notable decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the land classification for Kanagambaram Poo Street?

Kanagambaram Poo Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kanagambaram Poo Street?

The Sub Registrar Office for Kanagambaram Poo Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 and a registration fee of Rs 6,000.