Guideline Value for Road Street Kanakoilpettai

Road Street Kanakoilpettai guideline value

The current guideline value of Road Street Kanakoilpettai is Rs 600 per sq.ft. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Road Street Kanakoilpettai has changed

The guideline value for Road Street Kanakoilpettai has seen several revisions over the years. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 600 per sq.ft, the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Road Street Kanakoilpettai.

• Reddy Santhu: Rs 600 per sq.ft (2024)
• R S Avenue: Rs 1,005 per sq.ft (2024)
• Ruthirankoil East Street: Rs 600 per sq.ft (2024)
• Ruthirankoil North Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Road Street Kanakoilpettai

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. Please note that 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 more details on fees.

Which Sub Registrar Office covers Road Street Kanakoilpettai?

The Sub Registrar Office that covers Road Street Kanakoilpettai is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirukalukundrem A. It is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. It helps in establishing a standard rate for property transactions within the area.

Frequently asked questions

What is the current guideline value for Road Street Kanakoilpettai?

The current guideline value for Road Street Kanakoilpettai is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for Road Street Kanakoilpettai?

Road Street Kanakoilpettai is classified as Residential Class I Type - III.

Which Sub Registrar Office is responsible for property transactions in this area?

The Thirukazhukundram Sub Registrar Office is responsible for property transactions in Road Street Kanakoilpettai, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 54,000.