Guideline Value for Kothandarasamy street

Kothandarasamy street guideline value

The current guideline value of Kothandarasamy street is Rs 3,250 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kothandarasamy street has changed

The guideline value for Kothandarasamy street has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 650%. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, which then increased to Rs 3,250 per sq.ft in the 2024 revision, reflecting an 8% rise.

There are no figures available for Kothandarasamy street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 713%.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kothandarasamy street's 2024 figure is above this median.

• Korre medu: Rs 2,200 per sq.ft (2024)
• K.S.nagar: Rs 2,200 per sq.ft (2024)
• Kulakarai street: Rs 2,200 per sq.ft (2024)
• Keelmanagar: Rs 2,200 per sq.ft (2024)
• Kaveri nagar: Rs 2,200 per sq.ft (2024)
• Kavarai street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kothandarasamy street

For a 1,000 sq.ft plot at the current rate of Rs 3,250 per sq.ft, the guideline value would be Rs 32,50,000. The stamp duty, charged at 7%, would amount to Rs 2,27,500, and the registration fee, at 2%, would be Rs 65,000. Together, these fees would total Rs 2,92,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kothandarasamy street?

The Kothandarasamy street is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Kothandarasamy street?

The current guideline value of Kothandarasamy street is Rs 3,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 3,250 per sq.ft in 2024, reflecting an overall increase of 713% over the years.

What are the stamp duty and registration fees for properties on Kothandarasamy street?

For a property valued at Rs 32,50,000, the stamp duty would be Rs 2,27,500, and the registration fee would be Rs 65,000, totaling Rs 2,92,500.

Which Sub Registrar Office handles Kothandarasamy street?

The Poonamallee Sub Registrar Office handles Kothandarasamy street, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification of Kothandarasamy street?

Kothandarasamy street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.