Guideline Value for KANAGAMBAL NAGAR EXTN

Kanagambal Nagar Extn guideline value

The current guideline value of Kanagambal Nagar Extn is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Matthur village and falls under the Thiruvottiyur SRO. The land classification for this region is Residential Special Type - III.

How the guideline value of Kanagambal Nagar Extn has changed

The guideline value for Kanagambal Nagar Extn has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 1,100 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, significant changes have been observed. From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has risen by 10%.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Kanagambal Nagar Extn matches this median.

• Kanagambal Nagar: Rs 1,100 per sq.ft (2024)
• Kamaraj Salai: Rs 1,650 per sq.ft (2024)
• Kannappan Nagar: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Karumari Amman Kovil Streets/ Nagars: Rs 1,100 per sq.ft (2024)
• Kaliyuga Kannman Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagambal Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanagambal Nagar Extn?

The Sub Registrar Office that covers Kanagambal Nagar Extn is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Matthur. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kanagambal Nagar Extn?

The current guideline value of Kanagambal Nagar Extn is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Kanagambal Nagar Extn?

Kanagambal Nagar Extn is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Kanagambal Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.