Guideline Value for Kosa Street @ ThiruNeelakandar Street

Kosa Street @ ThiruNeelakandar Street guideline value

The current guideline value for Kosa Street @ ThiruNeelakandar Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class V Type - I.

How the guideline value of Kosa Street @ ThiruNeelakandar Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained the same in the subsequent revision in 2017, which saw a decrease of 33% to Rs 402 per sq.ft. The guideline value then increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a rise of 49%. The current guideline value, effective from 2024, is Rs 800 per sq.ft, reflecting a 33% increase from the previous year.

It is important to note that there are no recorded figures for Kosa Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Ist Division

In the Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. Kosa Street @ ThiruNeelakandar Street's 2024 figure is below this median.

• K.M.V.Nagar: Rs 880 per sq.ft (2024)
• K.M.Avenue: Rs 880 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)
• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kumaran Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kosa Street @ ThiruNeelakandar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 more details.

Which Sub Registrar Office covers Kosa Street @ ThiruNeelakandar Street?

The Kosa Street @ ThiruNeelakandar Street falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Kosa Street @ ThiruNeelakandar Street?

The current guideline value for Kosa Street @ ThiruNeelakandar Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What is the land classification for Kosa Street @ ThiruNeelakandar Street?

Kosa Street @ ThiruNeelakandar Street is classified as Residential Class V Type - I.

Where can I find the registration office for this street?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 72,000.