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 B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

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

In the 2017 revision, the guideline value was set at Rs 167 per sq.ft. This figure remained unchanged at Rs 250 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 250 per sq.ft, resulting in a 0% change from 2023 to 2024. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has remained consistent since the 2023 revision.

Guideline values in Katrampakkam B

Katrampakkam B village has 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Kanniyamman Koil 1st Street's 2024 figure below this median.

• 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, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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 further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Katrampakkam B. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the guideline value to avoid discrepancies during the registration process.

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?

Since the 2017 revision, the guideline value has increased from Rs 167 per sq.ft to Rs 250 per sq.ft in 2023 and 2024, marking a 50% overall increase.

What is the median guideline value for streets in Katrampakkam B?

The median guideline value for the 44 streets in Katrampakkam B is Rs 275 per sq.ft, with Kanniyamman Koil 1st Street's 2024 figure being below this median.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The total stamp duty and registration fees would amount to Rs 22,500.

Which office handles the registration for Kanniyamman Koil 1st Street?

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