Guideline Value for A.P. kannaia Street

A.P. kannaia Street guideline value

The current guideline value of A.P. kannaia Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of A.P. kannaia Street has changed

The guideline value for A.P. kannaia Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 3,300 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

It is important to note that there are no figures available for A.P. kannaia Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%.

Guideline values in Ambattur

Ambattur village has 448 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which aligns with the current guideline value of A.P. kannaia Street.

• Annibesant Street: Rs 2,500 per sq.ft (2024)
• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 per sq.ft (2024)
• Arasammal street (Nainee Ammal Lane): Rs 4,600 per sq.ft (2024)
• Arumuga Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in A.P. kannaia Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty, charged at 7%, would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000. Together, these fees amount to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A.P. kannaia Street?

The Sub Registrar Office that covers A.P. kannaia Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ambattur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you buy or sell property, the guideline value is used to assess the applicable fees, ensuring that both parties are aware of the financial obligations involved. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of A.P. kannaia Street?

The current guideline value of A.P. kannaia Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, representing a 9% increase. It was Rs 2,211 per sq.ft in 2017, which was a decrease from Rs 3,300 per sq.ft in 2012.

What are the stamp duty and registration fees for A.P. kannaia Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000. These fees are calculated based on the guideline value.

Which Sub Registrar Office covers A.P. kannaia Street?

The Ambattur Sub Registrar Office covers A.P. kannaia Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification of A.P. kannaia Street?

A.P. kannaia Street is classified as Residential Class I Type - I, indicating its suitability for residential development within the Ambattur village.