Guideline Value for Kandan Street

Kandan Street guideline value

The current guideline value of Kandan Street is Rs 1,100 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kandan Street has changed

Looking at the historical guideline values, the 2007 revision set the value at Rs 550 per sq.ft. This increased significantly by 100% to Rs 1,100 per sq.ft in the 2012 revision. However, from 2012 to 2017, the value decreased by 33% to Rs 737 per sq.ft. The most recent revision in 2023 saw another increase of 49%, bringing the guideline value back to Rs 1,100 per sq.ft.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 100%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Kandan Street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Kandan Street's guideline value is Rs 1,100 per sq.ft, reflecting its current standing within the area.

Stamp duty and registration fee for property in Kandan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value totals Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandan Street?

The Sub Registrar Office that covers Kandan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Urapakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these charges are based on a standardized value set by the authorities.

When a property is bought or sold, the guideline value helps in assessing the official worth of the property. This ensures transparency in the registration process and helps both buyers and sellers understand the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kandan Street?

The current guideline value of Kandan Street is Rs 1,100 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 100% from Rs 550 to Rs 1,100 per sq.ft. The value has seen fluctuations, such as a decrease of 33% from 2012 to 2017.

What are the stamp duty and registration fees for Kandan Street?

For a property of 1,000 sq.ft at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for Kandan Street?

The Gooduvancheri Sub Registrar Office is responsible for Kandan Street. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any guideline value figures for Kandan Street in 2024?

No, the register has no figure for Kandan Street for the year 2024.