Guideline Value for Kandasamy Naikkan Street

Kandasamy Naikkan Street guideline value

The current guideline value of Kandasamy Naikkan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Kandasamy Naikkan Street has changed

The guideline value for Kandasamy Naikkan Street has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, this figure decreased to Rs 2,010 per sq.ft by 2017. The 2023 revision marked a significant increase to Rs 3,000 per sq.ft, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 89%. The revisions for the years 2002 and 2003 do not have figures listed in the register for this street.

Guideline values in Pallipattu

Pallipattu village has 72 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 9,400 per sq.ft, placing Kandasamy Naikkan Street's current value below this median.

• Kanniyammal Kadai Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Avenue School Road: Rs 9,400 per sq.ft (2024)
• Kamaraj Avenue 2nd Street: Rs 9,400 per sq.ft (2024)
• Kamaraj Avenue 1st Street: Rs 9,400 per sq.ft (2024)
• Kasthuribai Nagar 1st Cross Street: Rs 9,400 per sq.ft (2024)
• Kasthuribai Nagar 1st Main Road: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kandasamy Naikkan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Kandasamy Naikkan Street?

The Sub Registrar Office that covers Kandasamy Naikkan Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pallipattu, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The government charges stamp duty based on the higher of these two amounts, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kandasamy Naikkan Street?

The current guideline value of Kandasamy Naikkan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,750 per sq.ft in 2007, rising to Rs 3,000 per sq.ft in 2012, then decreasing to Rs 2,010 per sq.ft in 2017, and finally reaching Rs 3,300 per sq.ft in 2024.

What is the land classification for Kandasamy Naikkan Street?

Kandasamy Naikkan Street is classified as Residential Class IV Type - III, which indicates its zoning for residential use.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Kandasamy Naikkan Street?

The Adayar Sub Registrar Office handles registrations for Kandasamy Naikkan Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.