Guideline Value for Cannan Habitat

Cannan Habitat guideline value

The current guideline value of Cannan Habitat in Kathirvedu village is Rs 1,500 per sq.ft, effective from 1 July 2024. This property falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Cannan Habitat has changed

The guideline value for Cannan Habitat has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then further rose to Rs 1,500 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a modest increase of 7%.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 1,500 per sq.ft, which aligns with the current guideline value of Cannan Habitat.

• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Chelli Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Chelli Amman Nagar: Rs 1,300 per sq.ft (2024)
• Birla Avenue Extension (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue (Anbu Estate): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Cannan Habitat

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. The 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 details.

Which Sub Registrar Office covers Cannan Habitat?

The Ambattur Sub Registrar Office covers Cannan Habitat. The office is 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 Kathirvedu

The guideline value is a critical factor when buying or selling property in Kathirvedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When you register a property, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction adheres to the legal requirements set by the state. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Cannan Habitat?

The current guideline value of Cannan Habitat is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,500 per sq.ft in 2024.

What is the land classification for Cannan Habitat?

Cannan Habitat is classified as Residential Class II Type - II under the Ambattur SRO.

What is the stamp duty for property in Cannan Habitat?

The stamp duty for property in Cannan Habitat is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.