Guideline Value for Kanda Kottam

Kanda Kottam guideline value

The current guideline value for Kanda Kottam, located in Madhavaram village under the Madhavaram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kanda Kottam has changed

The guideline value register for Kanda Kottam has no figures recorded for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for Kanda Kottam in the guideline value register. Therefore, the only available figure is from the 2024 revision.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Kanda Kottam's 2024 figure is below this median.

• Kanchi Ponnusamy Thottam (Ward No.17): Rs 1,600 per sq.ft (2024)
• Kanchi Ponnusamy Garden / K.P. Garden: Rs 1,600 per sq.ft (2024)
• Kanchi Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Kanchi Nagar Road (Ward No.29): Rs 1,300 per sq.ft (2024)
• Kanchi Nagar Extension: Rs 1,300 per sq.ft (2024)
• Kanchi Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kanda Kottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 details.

Which Sub Registrar Office covers Kanda Kottam?

Kanda Kottam falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is essential for determining the stamp duty and registration fees when buying or selling property in Madhavaram. It serves as a reference point for the legal valuation of the property during the registration process.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kanda Kottam?

The current guideline value of Kanda Kottam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Kanda Kottam occurring in 2024. There are no recorded figures for the years 2023, 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, while Kanda Kottam's guideline value is below this median.

What should I know about stamp duty and registration fees?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. It's important to calculate these fees based on the current guideline value.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details online.