Guideline Value for Kandasami Nagar Phase-I

Kandasami Nagar Phase-I guideline value

The current guideline value of Kandasami Nagar Phase-I 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-I has changed

The guideline value for Kandasami Nagar Phase-I has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 804 per sq.ft. In the 2023 revision, the guideline value increased to Rs 1,200 per sq.ft, marking a significant increase of 49% from the 2017 figure.

There are no recorded figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the current value of Rs 1,200 per sq.ft is the only figure available from the most recent revision.

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Kandasami Nagar Phase-I is one of the streets in this area. There are no other streets in Thaiyur-A under the Thiruporur SRO provided in the available data.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandasami Nagar Phase-I?

The Kandasami Nagar Phase-I area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thaiyur-A, as it determines the amount of stamp duty and registration fees payable. When a property is registered, the higher of the guideline value or the sale price is used to calculate these fees, ensuring that the government receives the appropriate revenue from property transactions.

Understanding the guideline value helps buyers and sellers make informed decisions during the registration process. It is essential to refer to the latest revisions to ensure compliance with the current rates applicable in the area.

Frequently asked questions

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

The current guideline value of Kandasami Nagar Phase-I 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 of Rs 804 per sq.ft, the guideline value increased to Rs 1,200 per sq.ft in 2023, which is an increase of 49%.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

No, the register has no figures for the guideline values of Kandasami Nagar Phase-I for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for a property in Kandasami Nagar Phase-I?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.