Guideline Value for Kanthapuri

Kanthapuri guideline value

The current guideline value of Kanthapuri is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kanthapuri has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating a significant increase of 49% from 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 400 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 250 per sq.ft, placing Kanthapuri's 2024 figure above that median.

• Karuneekar Nagar: Rs 250 per sq.ft (2024)
• Kasthuri Nagar: Rs 400 per sq.ft (2024)
• KR Garden: Rs 250 per sq.ft (2024)
• KR Garden Phase-II: Rs 400 per sq.ft (2024)
• Kailashpuri Nagar: Rs 250 per sq.ft (2024)
• Kulakkarai street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanthapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be 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, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kanthapuri?

The Sub Registrar Office that covers Kanthapuri 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 Somangalam_B

The guideline value is a crucial factor during the registration of property transactions in Somangalam_B. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It ensures transparency in transactions and helps in assessing the financial obligations related to property registration.

Frequently asked questions

What is the current guideline value of Kanthapuri?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty rates for property in Kanthapuri?

The stamp duty for property in Kanthapuri is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Kanthapuri?

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

What is the median guideline value in Somangalam_B?

The median guideline value in Somangalam_B is Rs 250 per sq.ft, with Kanthapuri's value of Rs 400 per sq.ft being above this median.