Guideline Value for Kothandaraman Nagar

Kothandaraman Nagar guideline value

The current guideline value of Kothandaraman Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Kothandaraman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft, marking a 49% rise from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained constant with no net change.

The register does not have figures for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, the only available revisions are from 2012, 2017, and 2023.

Guideline values in Urapakkam

Currently, there are no specific guideline values provided for other streets in Urapakkam under the Gooduvancheri SRO. Kothandaraman Nagar's guideline value of Rs 1,000 per sq.ft is the only figure available at this time.

Stamp duty and registration fee for property in Kothandaraman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kothandaraman Nagar?

The Sub Registrar Office that covers Kothandaraman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kothandaraman Nagar?

The current guideline value of Kothandaraman Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, there has been no net change from 2012 to 2023.

What is the stamp duty rate for properties in Kothandaraman Nagar?

The stamp duty rate for properties in Kothandaraman Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kothandaraman Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

Currently, there are no specific guideline values provided for other streets in Urapakkam under the Gooduvancheri SRO. Kothandaraman Nagar's guideline value is the only figure available at this time.