Guideline Value for Kandasami Nagar Phase - 2A

Kandasami Nagar Phase - 2A guideline value

The current guideline value for Kandasami Nagar Phase - 2A is Rs 1,200 per sq.ft. This area is located in Thaiyur-A village and falls under the Thiruporur SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Kandasami Nagar Phase - 2A has changed

The guideline value for Kandasami Nagar Phase - 2A has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This represented a significant increase of 49% when compared to the previous figure. The most recent revision in 2023 has raised the guideline value to Rs 1,200 per sq.ft. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the increase from Rs 804 to Rs 1,200 per sq.ft marks a notable change in the guideline value. The consistent updates reflect the evolving nature of property values in the area, although the absence of figures from earlier revisions limits the historical perspective on this street.

Guideline values in Thaiyur-A

There are no specific village figures provided for Thaiyur-A. However, Kandasami Nagar Phase - 2A is a part of this locality. The following are the other streets in Thaiyur-A:

Stamp duty and registration fee for property in Kandasami Nagar Phase - 2A

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, these fees total Rs 1,08,000. 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 Kandasami Nagar Phase - 2A?

The Sub Registrar Office that covers Kandasami Nagar Phase - 2A is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thaiyur-A. It serves as a benchmark 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 government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kandasami Nagar Phase - 2A?

The current guideline value of Kandasami Nagar Phase - 2A is Rs 1,200 per sq.ft as per the 2023 revision.

How much has the guideline value changed from 2017 to 2023?

From the 2017 revision at Rs 804 per sq.ft, the guideline value increased to Rs 1,200 per sq.ft in 2023, representing a rise of 49%.

Are there any guideline values for Kandasami Nagar Phase - 2A prior to 2017?

The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for Kandasami Nagar Phase - 2A.

What is the stamp duty rate for property in Kandasami Nagar Phase - 2A?

The stamp duty rate for property transactions in Kandasami Nagar Phase - 2A is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kandasami Nagar Phase - 2A located?

The Thiruporur Sub Registrar Office, which covers Kandasami Nagar Phase - 2A, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.