Guideline Value for Kandappan Street

Kandappan Street guideline value

The current guideline value of Kandappan Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kandappan Street has changed

The guideline value for Kandappan Street has undergone several revisions over the years. In 2007, the value was Rs 320 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value saw a substantial increase again, reaching Rs 800 per sq.ft in 2023, and finally rising to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kandappan Street's 2024 guideline value is below this median.

• Kanagavallipuram: Rs 1,320 per sq.ft (2024)
• Kannadhasan Nagar: Rs 1,100 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,100 per sq.ft (2024)
• Kamatchi avenue: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kandappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kandappan Street?

The Sub Registrar Office that covers Kandappan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value impacts the overall costs involved in the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly influence the total expenses incurred during the property transfer process.

Frequently asked questions

What is the current guideline value of Kandappan Street?

The current guideline value of Kandappan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Kandappan Street?

Kandappan Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Kandappan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.