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 B 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 remained stable at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the guideline value was Rs 167 per sq.ft, indicating a 50% increase to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Katrampakkam B

Katrampakkam B 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 in this area is Rs 275 per sq.ft, placing the guideline value of Kanniyamman Koil 2nd Street below the median.

• 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 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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanniyamman Koil 2nd Street?

The Sub Registrar Office that covers 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 B

The guideline value is a crucial factor in the registration process when buying or selling property in Katrampakkam B. It is used to calculate the stamp duty and registration fees that are required during the transaction.

When a property is sold, the guideline value serves as a benchmark for determining the minimum value on which these fees are calculated, ensuring that all transactions are recorded accurately and fairly.

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 from 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

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

Kanniyamman Koil 2nd Street is classified as Residential Class III Type - I under the guideline value register.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kanniyamman Koil 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 22,500.