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Guideline Value

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Guideline Value for Canal Bank Road O.M.R from Madhya Kailash

₹13800/sq.ft.

The guideline value for Canal Bank Road O.m.r From Madhya Kailash in Kanagam village (Adayar SRO, Chennai zone) is Rs 13800 per sq.ft, effective 1 July 2024. It was Rs 12500 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kanagam

Village

Adayar

SRO

Industries Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹13800 /sq.ft.
From 1-4-2023 ₹12500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8375 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹12000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Canal Bank Road O.m.r From Madhya Kailash

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Canal Bank Road O.M.R from Madhya Kailash guideline value

The current guideline value of Canal Bank Road O.M.R from Madhya Kailash is Rs 13,800 per sq.ft, effective from 1 July 2024. This street falls under Kanagam village and is classified as Industries Special Type - I, with the Adayar SRO overseeing its registration.

How the guideline value of Canal Bank Road O.M.R from Madhya Kailash has changed

The guideline value for Canal Bank Road O.M.R has seen several revisions over the years. In 2007, the value was Rs 12,000 per sq.ft, which increased to Rs 12,500 per sq.ft in 2012. However, it dropped to Rs 8,375 per sq.ft in 2017, marking a decrease of 33%. The value then rose significantly to Rs 12,500 per sq.ft in 2023, and further increased by 10% to the current value of Rs 13,800 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kanagam

In Kanagam village, there are 15 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 13,800 per sq.ft. The median value among these streets is Rs 2,800 per sq.ft, indicating that Canal Bank Road O.M.R's 2024 figure is above that median.

Stamp duty and registration fee for property in Canal Bank Road O.M.R from Madhya Kailash

For a 1,000 sq.ft plot at the current guideline value of Rs 13,800 per sq.ft, the total guideline value would be Rs 1,38,00,000. The stamp duty at 7% would be Rs 9,66,000, and the registration fee at 2% would be Rs 2,76,000, bringing the total fees together to Rs 12,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Canal Bank Road O.M.R from Madhya Kailash?

The Sub Registrar Office that covers Canal Bank Road O.M.R from Madhya Kailash is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kanagam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Canal Bank Road O.M.R from Madhya Kailash?

The current guideline value for Canal Bank Road O.M.R from Madhya Kailash is Rs 13,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2007 to Rs 13,800 per sq.ft in 2024, with various increases and decreases in between, including a drop to Rs 8,375 per sq.ft in 2017.

What is the registration office for Canal Bank Road O.M.R from Madhya Kailash?

The registration office for Canal Bank Road O.M.R from Madhya Kailash is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,38,00,000, the total fees would amount to Rs 12,42,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are based on an officially recognized value, which can influence the overall cost for buyers and sellers.