Guideline Value for KANAGA DURGA NAGAR

Kanaga Durga Nagar guideline value

The current guideline value of Kanaga Durga Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kanaga Durga Nagar has changed

The guideline value of Kanaga Durga Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has seen a slight increase to Rs 1,001 per sq.ft, which represents a 199% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. From 2023 to 2024, the guideline value increased by 0%, indicating stability at the current rate.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO with a guideline value for 2024 ranging from Rs 1,000 to Rs 1,100 per sq.ft. The median value is Rs 1,001 per sq.ft, which is the same as the guideline value for Kanaga Durga Nagar.

• Lakshmikathammal Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar Extn: Rs 1,001 per sq.ft (2024)
• Green Garden: Rs 1,000 per sq.ft (2024)
• Gangaiyamman Nagar: Rs 1,001 per sq.ft (2024)
• Manali New Town T N H B & C M D A: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kanaga Durga Nagar

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

Which Sub Registrar Office covers Kanaga Durga Nagar?

The Sub Registrar Office that covers Kanaga Durga Nagar is 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 Edayanchavadi

The guideline value is a crucial factor during the registration of property transactions in Edayanchavadi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, both parties must be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kanaga Durga Nagar?

The current guideline value of Kanaga Durga Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 199%, from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024.

What is the land classification for Kanaga Durga Nagar?

Kanaga Durga Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Which office handles property registrations in Kanaga Durga Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Kanaga Durga Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Edayanchavadi?

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