Guideline Value for Kandan Street

Kandan Street guideline value

The current guideline value of Kandan Street is Rs 7,100 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kandan Street has changed

The guideline value for Kandan Street has undergone several revisions over the years. Starting from Rs 508 per sq.ft in 2002, it increased to Rs 560 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 1,000 per sq.ft in 2007, which was a 79% increase. By 2012, the value was Rs 6,500 per sq.ft, reflecting a substantial growth of 550% from the previous revision. However, this figure dropped to Rs 4,355 per sq.ft in 2017, representing a decrease of 33%.

In 2023, the guideline value increased to Rs 6,500 per sq.ft, followed by another rise to Rs 7,100 per sq.ft in the 2024 revision, which is a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 1298%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, making Kandan Street's current value equal to this median.

• Kanda Pillai street: Rs 7,100 per sq.ft (2024)
• Kancheepuram Pachiyappa Street: Rs 8,300 per sq.ft (2024)
• Kancheepuram Pachiyappan 3rd lane: Rs 4,400 per sq.ft (2024)
• Kancheepuram Pachiyappan 2nd lane: Rs 4,400 per sq.ft (2024)
• Kancheepuram Pachiyappan 1st lane: Rs 4,400 per sq.ft (2024)
• Kareem MohideenSahib 1st lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kandan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kandan Street?

The Sub Registrar Office that covers Kandan Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction is accurately reflected in the official records. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kandan Street?

The current guideline value of Kandan Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 508 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, which is an overall increase of 1298%.

What is the land classification of Kandan Street?

Kandan Street is classified as Residential Class II Type - I under the Periamet SRO.

Where can I find the Sub Registrar Office for Kandan Street?

The Sub Registrar Office for Kandan Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Kandan Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 4,97,000.