Guideline Value for Kottai Kollai Subrayar Street

Kottai Kollai Subrayar Street guideline value

The current guideline value of Kottai Kollai Subrayar 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 and is classified as Residential Class I Type - III.

How the guideline value of Kottai Kollai Subrayar Street has changed

The guideline value for Kottai Kollai Subrayar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which remained unchanged until 2017 when it dropped to Rs 1,005 per sq.ft. This was a significant decline of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in 2024, marking a 10% rise.

From 2017 to 2023, the value increased by 49%, bringing the current overall change from 2012 to 2024 to a modest increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in 2nd Division

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

• Kotrampalayam 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 Kottai Kollai Subrayar 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, resulting in a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kottai Kollai Subrayar Street?

The Kottai Kollai Subrayar Street is covered by 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 2nd Division

The guideline value is a crucial factor when buying or selling property in the 2nd Division. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately in accordance with the law.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kottai Kollai Subrayar Street?

The current guideline value of Kottai Kollai Subrayar 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Kottai Kollai Subrayar Street?

Kottai Kollai Subrayar Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property on this street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Kottai Kollai Subrayar Street?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Kottai Kollai Subrayar Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.