Guideline Value for CHINNA KANNU STREET / CHINNA KANNU NAICKAN STREET

Chinna Kannu Street / Chinna Kannu Naickan Street guideline value

The current guideline value of Chinna Kannu Street / Chinna Kannu Naickan Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village, under the Thiruvottiyur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Chinna Kannu Street / Chinna Kannu Naickan Street has changed

The guideline value for Chinna Kannu Street / Chinna Kannu Naickan Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 75 per sq.ft. This increased to Rs 88 per sq.ft in 2003, marking a 17% rise. The value further increased to Rs 200 per sq.ft in 2007, reflecting a 127% change. In 2012, the value was revised to Rs 600 per sq.ft, which was a 200% increase. However, in 2017, the guideline value decreased to Rs 402 per sq.ft, showing a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, a significant increase of 149%. The most recent revision in 2024 set the value at Rs 1,001 per sq.ft, showing no change from the previous year.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1235%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Chinna Kannu Street / Chinna Kannu Naickan Street below this median.

• Chandran Street: Rs 1,300 per sq.ft (2024)
• Chandramman Koil Street: Rs 1,300 per sq.ft (2024)
• Devarajan Street: Rs 1,500 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Dr.A.P.J. Abdul Kalam Nagar: Rs 1,300 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kannu Street / Chinna Kannu Naickan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Kannu Street / Chinna Kannu Naickan Street?

The Chinna Kannu Street / Chinna Kannu Naickan Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Chinnasekkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the current value of the property in the area.

Frequently asked questions

What is the current guideline value of Chinna Kannu Street?

The current guideline value of Chinna Kannu Street / Chinna Kannu Naickan Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 75 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 1235% over the years.

What is the median guideline value in Chinnasekkadu?

The median guideline value for the streets in Chinnasekkadu is Rs 1,100 per sq.ft, which is above the current value of Chinna Kannu Street.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Chinna Kannu Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 10,01,000 would incur a stamp duty of Rs 70,070 at 7%.