Guideline Value for Kotrampalayam Street

Kotrampalayam Street guideline value

The current guideline value of Kotrampalayam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - III.

How the guideline value of Kotrampalayam Street has changed

The guideline value for Kotrampalayam Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in 2024, reflecting a 10% growth.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, which matches the guideline value of Kotrampalayam Street.

• Kottai Kollai Subrayar Street: Rs 1,650 per sq.ft (2024)
• Kumarai Chetty Street: Rs 1,650 per sq.ft (2024)
• Kumarasamy Avenue: Rs 3,300 per sq.ft (2024)
• Kumar Street: Rs 1,650 per sq.ft (2024)
• Kannappan Street: Rs 1,100 per sq.ft (2024)
• Lalakuttai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kotrampalayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kotrampalayam Street?

Kotrampalayam 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 details.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor in the registration process of property transactions in the 2nd Division. It is used to determine the stamp duty and registration fees payable during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value of Kotrampalayam Street?

The current guideline value of Kotrampalayam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 230% over the years.

What is the stamp duty rate for properties in Kotrampalayam Street?

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

Where is the Kanchipuram Joint IV Sub Registrar Office located?

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

What is the land classification of Kotrampalayam Street?

Kotrampalayam Street is classified as Residential Class I Type - III.