Guideline Value for Kandaswamy Nagar

Kandaswamy Nagar guideline value

The current guideline value of Kandaswamy Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Kandaswamy Nagar has changed

The guideline value for Kandaswamy Nagar has undergone several revisions over the years. The earliest recorded value was Rs 300 per sq.ft in 2007. This figure increased significantly to Rs 804 per sq.ft in 2017, marking a 168% rise. The value then saw a substantial jump to Rs 1,200 per sq.ft in 2023, which is a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Kandaswamy Nagar.

• Kannadasan Street: Rs 1,320 per sq.ft (2024)
• Kambar Street: Rs 1,320 per sq.ft (2024)
• Kamban Street, Moovar Nagar: Rs 1,320 per sq.ft (2024)
• Kannagi Street (12): Rs 1,320 per sq.ft (2024)
• Kannagi Street (3): Rs 1,320 per sq.ft (2024)
• Kamarajar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kandaswamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees together Rs 1,18,800. It is 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 detailed calculations.

Which Sub Registrar Office covers Kandaswamy Nagar?

Kandaswamy Nagar falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction adheres to the guideline value set by the government. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kandaswamy Nagar?

The current guideline value of Kandaswamy Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the stamp duty rate for properties in Kandaswamy Nagar?

The stamp duty rate for properties in Kandaswamy Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kandaswamy Nagar?

The Pammal Sub Registrar Office handles the registration for Kandaswamy Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the guideline values for other streets in Pozhichalur?

Other streets in Pozhichalur have varying guideline values, with rates ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft.