Guideline Value for Kandaswamy nagar exten

Kandaswamy nagar exten guideline value

The current guideline value for Kandaswamy nagar exten is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kandaswamy nagar exten has changed

The guideline value for Kandaswamy nagar exten has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 900 per sq.ft. This increased to Rs 2,000 per sq.ft in 2012, but then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2024, there has been an overall increase of 144% in the guideline value. Notably, the jump from 2023 to 2024 was 10%, while the increase from 2017 to 2023 was 49%. The change from 2012 to 2017 was a decrease of 33%, and the rise from 2007 to 2012 was a substantial 122%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which matches the current value for Kandaswamy nagar exten.

• Kandaswamy nagar: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street north: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street south: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street west: Rs 2,200 per sq.ft (2024)
• Kantharupan nagar: Rs 2,200 per sq.ft (2024)
• Karaiyanchavadi street (west): Rs 3,250 per sq.ft (2024)

Stamp duty and registration fee for property in Kandaswamy nagar exten

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandaswamy nagar exten?

The Kandaswamy nagar exten falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Poonthamallee. It is used to assess the value of the property for the purpose of registration, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kandaswamy nagar exten?

The current guideline value of Kandaswamy nagar exten is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What is the classification of land in Kandaswamy nagar exten?

The land in Kandaswamy nagar exten is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kandaswamy nagar exten?

The Sub Registrar Office for Kandaswamy nagar exten is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Kandaswamy nagar exten?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft would incur a total stamp duty of Rs 1,54,000.