Guideline Value for CANAAN NAGAR

Canaan Nagar guideline value

The current guideline value of Canaan Nagar is Rs 650 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur SRO and is classified as Residential Class II Type - I.

How the guideline value of Canaan Nagar has changed

The guideline value for Canaan Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 435 per sq.ft. With the 2023 revision, it increased to Rs 650 per sq.ft, marking a significant change of +49% from the previous figure.

It is important to note that there are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only relevant revisions are from 2017 and 2023.

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Canaan Nagar is one of the streets in this area, and there are no other streets in Thaiyur-A under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Canaan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total fees to Rs 58,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Canaan Nagar?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thaiyur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

Buyers and sellers must be aware that the stamp duty and registration fees are calculated 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 Canaan Nagar?

The current guideline value of Canaan Nagar is Rs 650 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 435 per sq.ft in 2017 to Rs 650 per sq.ft in 2023, representing a change of +49%.

Are there any guideline value figures for 2024?

No, the register has no figure for Canaan Nagar for the year 2024.

What is the stamp duty rate for properties in Canaan Nagar?

The stamp duty rate for properties in Canaan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.