Guideline Value for SRI KANDHASAMY NAGAR

Sri Kandhasamy Nagar guideline value

The current guideline value of Sri Kandhasamy Nagar is Rs 450 per sq.ft, as per the 2023 revision. This area is located in Kayar village under the Thiruporur Sub Registrar Office (SRO). The land classification for this region is Mixed Type - I.

How the guideline value of Sri Kandhasamy Nagar has changed

In the 2012 revision, the guideline value was set at Rs 450 per sq.ft. However, in the 2017 revision, it decreased to Rs 301 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase of 50%, bringing the guideline value back up to Rs 450 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kayar

Currently, there are no specific village figures provided for Kayar. Sri Kandhasamy Nagar is one of the streets in this village, and there are no other streets in Kayar listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Sri Kandhasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty, charged at 7%, would be Rs 31,500, while the registration fee at 2% would be Rs 9,000, resulting in a total of Rs 40,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kandhasamy Nagar?

The Sub Registrar Office that covers Sri Kandhasamy Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Kayar. It serves as a benchmark for determining the applicable stamp duty and registration fees when buying or selling property in the area.

When a property is registered, the guideline value is assessed, and the stamp duty is calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Kandhasamy Nagar?

The current guideline value of Sri Kandhasamy Nagar is Rs 450 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Sri Kandhasamy Nagar was Rs 450 per sq.ft in 2012, decreased to Rs 301 per sq.ft in 2017, and then increased back to Rs 450 per sq.ft in 2023.

What is the land classification for Sri Kandhasamy Nagar?

The land classification for Sri Kandhasamy Nagar is Mixed Type - I, which indicates the type of usage allowed for properties in this area.

What are the stamp duty and registration fees for a property in Sri Kandhasamy Nagar?

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500.

Which office handles property registrations for Sri Kandhasamy Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Sri Kandhasamy Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.