Guideline Value for Kandhan Kottam

Kandhan Kottam guideline value

The current guideline value of Kandhan Kottam is Rs 1,925 per sq.ft, effective from 1 July 2024. This area is located in Kalavakkam village and falls under the Thiruporur Sub Registrar Office (SRO). The land classification for this region is Mixed Type - III.

How the guideline value of Kandhan Kottam has changed

Looking at the revisions, the guideline value for Kandhan Kottam has seen several changes over the years. The 2017 revision recorded a guideline value of Rs 1,750 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 1,925 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kalavakkam

In Kalavakkam, there are 27 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 1,816 to Rs 4,250 per sq.ft. The median value for these streets is Rs 2,463 per sq.ft, placing Kandhan Kottam's 2024 figure below this median. This indicates that Kandhan Kottam has a relatively lower guideline value compared to other streets in the area.

• Jayam Properties: Rs 2,200 per sq.ft (2024)
• Happinest Phase V: Rs 2,873 per sq.ft (2024)
• Happinest Phase IV: Rs 2,873 per sq.ft (2024)
• Happinest Phase III: Rs 2,873 per sq.ft (2024)
• Happinest Phase II: Rs 1,925 per sq.ft (2024)
• Happinest: Rs 2,873 per sq.ft (2024)

Stamp duty and registration fee for property in Kandhan Kottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty, calculated at 7%, would be Rs 1,34,750, while the registration fee at 2% would be Rs 38,500. This brings the total cost for stamp duty and registration fee to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandhan Kottam?

The Kandhan Kottam 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 Kalavakkam

When buying or selling property in Kalavakkam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which transactions are registered, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The registration process will require the payment of stamp duty and registration fees based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kandhan Kottam?

The current guideline value of Kandhan Kottam is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,750 per sq.ft to Rs 1,925 per sq.ft in 2024, marking a 10% increase overall. The value remained unchanged from 2017 to 2023.

What are the stamp duty and registration fees for property in Kandhan Kottam?

The stamp duty for a property valued at Rs 19,25,000 would be Rs 1,34,750, and the registration fee would be Rs 38,500, totaling Rs 1,73,250. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kandhan Kottam?

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

What is the land classification of Kandhan Kottam?

The land classification for Kandhan Kottam is Mixed Type - III, indicating the varied use of land in this area.