Guideline Value for Chinna Kanni Nagar

Chinna Kanni Nagar guideline value

The current guideline value of Chinna Kanni Nagar is Rs 875 per sq.ft, effective from 1 July 2024. This village is part of the Kanchipuram Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Chinna Kanni Nagar has changed

In the 2017 revision, the guideline value was set at Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 875 per sq.ft, which is a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Chinna Kanni Nagar in the register.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Chinna Kanni Nagar's 2024 figure below that median.

• Chinnaiyan Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Garden: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Dr. J.J. Nagar: Rs 1,100 per sq.ft (2024)
• Bangaru Amman Colony: Rs 1,100 per sq.ft (2024)
• Ellappa Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kanni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 875 per sq.ft, the total guideline value amounts to Rs 8,75,000. The stamp duty at 7% would be Rs 61,250, and the registration fee at 2% would be Rs 17,500, making the total cost for these fees Rs 78,750. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chinna Kanni Nagar?

The Sub Registrar Office that covers Chinna Kanni Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your Sub Registrar Office, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Sevilimadu - A. When buying or selling a property, the guideline value serves as a reference point for determining the stamp duty and registration fees, which are mandatory for legal property transfers.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs during the registration process.

Frequently asked questions

What is the current guideline value of Chinna Kanni Nagar?

The current guideline value of Chinna Kanni Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 875 per sq.ft, which is an overall increase of 63% over the years.

What is the registration office for Chinna Kanni Nagar?

The registration office for Chinna Kanni Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by serving as a basis for calculating stamp duty and registration fees, which are required for legal property transfers. Buyers and sellers must consider this value to ensure compliance with local regulations.

What are the other streets in Sevilimadu - A with guideline values?

Other streets in Sevilimadu - A with guideline values include Chinnaiyan Nagar, Brindavan Garden, Bharathi Nagar, Dr. J.J. Nagar, Bangaru Amman Colony, and Ellappa Nagar, all of which have a guideline value of Rs 1,100 per sq.ft in 2024.