Guideline Value for Kanniamman Koil Street

Kanniamman Koil Street guideline value

The current guideline value of Kanniamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Puthuper village under the Sriperumpudur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Kanniamman Koil Street has changed

Over the years, the guideline value of Kanniamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision marked a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, a change of +49%. However, from 2023 to 2024, there was no change, maintaining the value at Rs 400 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is +0%, indicating stability in the guideline value during this period.

Guideline values in Puthuper

In Puthuper village, there are 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making the guideline value of Kanniamman Koil Street equal to this median.

• Kamatchi Nagar Annex: Rs 400 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 200 per sq.ft (2024)
• Krithika Garden I & II: Rs 520 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Kundrathur Main Road: Rs 520 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kanniamman Koil Street?

The Sub Registrar Office that covers Kanniamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value influences the overall cost of property transactions in Puthuper.

When registering a property, the guideline value must be disclosed, and the applicable fees based on this value must be paid. This ensures transparency in property dealings and helps in maintaining a standardized pricing structure across different areas.

Frequently asked questions

What is the current guideline value of Kanniamman Koil Street?

The current guideline value of Kanniamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. There was no change from 2023 to 2024.

What is the land classification of Kanniamman Koil Street?

Kanniamman Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kanniamman Koil Street?

The Sub Registrar Office for Kanniamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It serves as the minimum value for these calculations, ensuring a standardized approach to property pricing.