Guideline Value for Kothanda Nagar

Kothanda Nagar guideline value

The current guideline value of Kothanda Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kothanda Nagar has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. Since then, it has seen a significant increase, with the 2023 revision maintaining the value at Rs 1,200 per sq.ft, reflecting a 49% increase from 2017. The 2024 revision also retains this value at Rs 1,200 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Kothanda Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. Kothanda Nagar's 2024 figure of Rs 1,200 per sq.ft is above this median.

• Keezh Pushkarani Street: Rs 700 per sq.ft (2024)
• Katchipattu Colony Kamarajar Nagar: Rs 700 per sq.ft (2024)
• Katchiapattu Middle Street: Rs 700 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,200 per sq.ft (2024)
• Kulasekara Perumal Street: Rs 1,000 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kothanda Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value is Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 information.

Which Sub Registrar Office covers Kothanda Nagar?

Kothanda Nagar is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sriperumbudur A

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kothanda Nagar?

The current guideline value of Kothanda Nagar is Rs 1,200 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 by 49%, moving from Rs 804 per sq.ft to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification of Kothanda Nagar?

Kothanda Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Kothanda Nagar?

The registration office covering Kothanda Nagar 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 Kothanda Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 12,00,000 would incur a stamp duty of Rs 84,000 at a rate of 7%.