Guideline Value

Corporate

Guideline Value for KANAGAMBAL NAGAR

₹550/sq.ft.

The guideline value for Kanagambal Nagar in Minjur village (Ponneri SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanagambal Nagar

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Kanagambal Nagar guideline value

The current guideline value of Kanagambal Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Minjur village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Kanagambal Nagar has changed

Over the years, the guideline value of Kanagambal Nagar has seen significant revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in 2023, marking a substantial rise of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

In summary, the overall change from the 2017 revision to the 2024 revision is an increase of 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Kanagambal Nagar.

Stamp duty and registration fee for property in Kanagambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty applicable at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, these charges amount to Rs 49,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanagambal Nagar?

The Sub Registrar Office that covers Kanagambal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Minjur. It serves as a reference point for the valuation of properties during registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to determine the applicable stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transactions. This ensures that the transaction is recorded accurately and that the government receives the necessary revenue from property sales.

Frequently asked questions

What is the current guideline value of Kanagambal Nagar?

The current guideline value of Kanagambal Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking an overall increase of 64%. The value was Rs 500 per sq.ft in 2023, reflecting a 10% rise from that year.

What are the stamp duty and registration fees for properties in Kanagambal Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 550 per sq.ft, the total guideline value is Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Kanagambal Nagar?

The Ponneri Sub Registrar Office covers Kanagambal Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Kanagambal Nagar?

Kanagambal Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.