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_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Kandasala Nagar has changed

The guideline value for Kandasala Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and it remained unchanged from 2023 to 2024, resulting in an overall increase of 49% from 2017 to 2024.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value in this village 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, making the total fees Rs 45,000. 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_B

The guideline value is an important factor in the registration process when buying or selling property in Irunkattukottai_B. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the correct fees are paid based on the property's worth as determined by the government.

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 remained at Rs 500 per sq.ft from 2023 to 2024, with a 49% increase from Rs 335 per sq.ft in 2017 to 2023. There are no figures for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Irunkattukottai_B?

The median guideline value in Irunkattukottai_B is Rs 400 per sq.ft, with Kandasala Nagar's 2024 figure being above this median.

What are the stamp duty and registration fees for Kandasala Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registration for Kandasala Nagar?

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