Guideline Value for Kanniyamman Koil 1st Street

Kanniyamman Koil 1st Street guideline value

The current guideline value of Kanniyamman Koil 1st Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kanniyamman Koil 1st Street has changed

Over the years, the guideline value of Kanniyamman Koil 1st Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained stable at Rs 250 per sq.ft from 2012 to 2024, with fluctuations recorded only in the intervening years.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value is Rs 250 per sq.ft, which aligns with the current value of Kanniyamman Koil 1st Street.

• Kanniyamman Koil 2nd Street: Rs 250 per sq.ft (2024)
• Kabilmuni Garden: Rs 500 per sq.ft (2024)
• Jothi Nagar: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Nagar Annex: Rs 250 per sq.ft (2024)
• Mariyamman Koil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyamman Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000. Therefore, the total cost for these fees would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanniyamman Koil 1st Street?

The Sub Registrar Office that covers Kanniyamman Koil 1st 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Katrampakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions. It is advisable to consult the latest guideline values before proceeding with any real estate dealings.

Frequently asked questions

What is the current guideline value of Kanniyamman Koil 1st Street?

The current guideline value of Kanniyamman Koil 1st Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in 2024, which is the same as in 2023. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

Where can I find the Sub Registrar Office for Kanniyamman Koil 1st Street?

The Sub Registrar Office for Kanniyamman Koil 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Kanniyamman Koil 1st Street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification of Kanniyamman Koil 1st Street?

Kanniyamman Koil 1st Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.