Guideline Value for Kandamangalam Street

Kandamangalam Street guideline value

The current guideline value of Kandamangalam Street, located in Kandamangalam village under the Sriperumpudur SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - II.

How the guideline value of Kandamangalam Street has changed

The guideline value for Kandamangalam Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 67 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also had a guideline value of Rs 100 per sq.ft, which indicates a decrease of 33% from the 2012 to 2017 period. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained unchanged at Rs 100 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kandamangalam Street.

Guideline values in Kandamangalam

In Kandamangalam village, there are 10 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 510 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Kandamangalam Street's 2024 figure below that median.

• Inthalamman Koil Street: Rs 100 per sq.ft (2024)
• Habeeb Avenue: Rs 500 per sq.ft (2024)
• Dell city: Rs 510 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kandamangalam Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is important to note that the 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 Kandamangalam Street?

The Sub Registrar Office that covers Kandamangalam 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 Kandamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Kandamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in line with the official valuations set by the Registration Department. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Kandamangalam Street?

The current guideline value of Kandamangalam Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in the 2023 and 2024 revisions. It was Rs 67 per sq.ft in 2017, which was a 49% increase from that year to 2023. The value was Rs 100 per sq.ft in the 2012 revision, indicating a decrease of 33% from 2012 to 2017.

Are there any years without a guideline value for Kandamangalam Street?

Yes, the revisions for the years 2002, 2003, and 2007 do not have any figures available for Kandamangalam Street.

What are the stamp duty and registration fees for properties in Kandamangalam Street?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kandamangalam Street located?

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