Guideline Value for JALAN KENNADY STREET

Jalan Kennady Street guideline value

The current guideline value of Jalan Kennady Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jalan Kennady Street has changed

The guideline value for Jalan Kennady Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. This marked a significant decline of 33%. However, the value rebounded to Rs 1,500 per sq.ft in the 2023 revision, reflecting an increase of 24%. The most recent revision in 2024 established the guideline value at Rs 1,980 per sq.ft, indicating a rise of 32% from the previous year.

There are no figures available for the revisions in the years 2002, 2003, and 2007 for Jalan Kennady Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value among these streets is Rs 1,980 per sq.ft, which is equal to the guideline value of Jalan Kennady Street.

• Jai Nagar: Rs 3,850 per sq.ft (2024)
• Jaganathan Street: Rs 1,980 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Iyyanar Street: Rs 1,980 per sq.ft (2024)
• Irataimalai Srinivasan Street: Rs 1,980 per sq.ft (2024)
• Jothi Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Jalan Kennady Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jalan Kennady Street?

The Sub Registrar Office that covers Jalan Kennady Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price. The duty is charged on the higher of the two amounts, ensuring that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jalan Kennady Street?

The current guideline value of Jalan Kennady Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, with various increases and a decrease in between. The most significant change was a 32% increase from 2023 to 2024.

What are the stamp duty and registration fees for properties in Jalan Kennady Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200. These fees are calculated based on the guideline value.

Which Sub Registrar Office handles registrations for Jalan Kennady Street?

The Pallavaram Sub Registrar Office handles registrations for Jalan Kennady Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Jalan Kennady Street?

Jalan Kennady Street is classified as Residential Class I Type - I, indicating its designation for residential use within the Thiruvancheri village.