Guideline Value for Kanniyamman Koil 2nd Street

Kanniyamman Koil 2nd Street guideline value

The current guideline value of Kanniyamman Koil 2nd Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Kanniyamman Koil 2nd Street has changed

The guideline value for Kanniyamman Koil 2nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, reflecting a decrease of 33%. However, by the 2023 revision, the value increased by 50% to Rs 250 per sq.ft, which has been maintained in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a net change of 0% during this period.

Guideline values in Katrampakkam

Katrampakkam has 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Kanniyamman Koil 2nd Street.

• Kanniyamman Koil 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that 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 details.

Which Sub Registrar Office covers Kanniyamman Koil 2nd Street?

The Sub Registrar Office covering Kanniyamman Koil 2nd 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 Katrampakkam

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that transactions are conducted transparently and fairly according to government regulations.

Frequently asked questions

What is the current guideline value of Kanniyamman Koil 2nd Street?

The current guideline value of Kanniyamman Koil 2nd 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 remained at Rs 250 per sq.ft in 2023 and 2024, while it was Rs 167 per sq.ft in 2017. The 2012 revision also set it at Rs 250 per sq.ft, indicating fluctuations over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the guideline value is Rs 2,50,000. The stamp duty is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Kanniyamman Koil 2nd Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Kanniyamman Koil 2nd Street, located at 27, Chetty Street, Sriperumpudur-602 105.

What is the land classification for Kanniyamman Koil 2nd Street?

Kanniyamman Koil 2nd Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.