Guideline Value for Kandasala Nagar

Kandasala Nagar guideline value

The current guideline value of Kandasala Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kandasala Nagar has changed

The guideline value for Kandasala Nagar has undergone several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 175 per sq.ft. This value increased significantly to Rs 500 per sq.ft in the 2012 revision. However, it then dropped to Rs 335 per sq.ft in the 2017 revision, before returning to Rs 500 per sq.ft in both the 2023 and 2024 revisions. The register does not contain figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 186% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following this, there was a 49% increase from 2017 to 2023, but no change from 2023 to 2024, resulting in an overall increase of 186% from 2007 to 2024.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Kandasala Nagar's 2024 figure above that median.

• Kamachi Amman Nagar - IV: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - III: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - II: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kalaignar Street: Rs 250 per sq.ft (2024)
• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kandasala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total cost of Rs 45,000. 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 more details.

Which Sub Registrar Office covers Kandasala Nagar?

Kandasala Nagar falls under the jurisdiction of 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 Irunkattukottai

The guideline value plays a crucial role in property transactions in Irunkattukottai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value provides a reference point for the transaction. It helps in assessing the value of the property for taxation purposes and ensures that the registration fees are calculated accurately based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kandasala Nagar?

The current guideline value of Kandasala Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Kandasala Nagar?

Kandasala Nagar is classified as Residential Class II Type - I.

Where can I find the registration office for Kandasala Nagar?

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

How is the stamp duty calculated for properties in Kandasala Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.