Guideline Value for Kuthalamman Koil Street

Kuthalamman Koil Street guideline value

The current guideline value of Kuthalamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village and falls under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Kuthalamman Koil Street has changed

The guideline value for Kuthalamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 650%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it reached Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that the register has no figures for Kuthalamman Koil Street for the years 2002 and 2003. The overall increase from 2007 to 2024 stands at 725%, showcasing significant changes in the guideline value over the years.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft, with a median value of Rs 3,900 per sq.ft. Kuthalamman Koil Street's 2024 guideline value is below this median.

• Kothandaramar Koil Street: Rs 3,300 per sq.ft (2024)
• Maniam's mango grove: Rs 5,000 per sq.ft (2024)
• Mariapuram Mada Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Mariyapuram Mada Koil First Street: Rs 3,300 per sq.ft (2024)
• Karumariyamman Street: Rs 3,300 per sq.ft (2024)
• Karumariyamman Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuthalamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuthalamman Koil Street?

Kuthalamman Koil Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nandhambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the costs involved in the registration process. Buyers and sellers should always refer to the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kuthalamman Koil Street?

The current guideline value of Kuthalamman Koil Street is Rs 3,300 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 3,300 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What are the other streets in Nandhambakkam with similar guideline values?

Other streets in Nandhambakkam with similar guideline values include Kothandaramar Koil Street, Mariapuram Mada Koil 2nd Street, and Karumariyamman Street, all valued at Rs 3,300 per sq.ft in 2024.

Where can I find the registration office for Kuthalamman Koil Street?

The registration office for Kuthalamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Nandhambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be calculated at 7% of that amount.