Guideline Value for KANNABIRAN KOIL 1ST STREET

Kannabiran Koil 1st Street guideline value

The current guideline value of Kannabiran Koil 1st Street in Zaminpallavaram village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kannabiran Koil 1st Street has changed

The guideline value for Kannabiran Koil 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The guideline value remained at Rs 2,500 per sq.ft until the 2023 revision, which increased it to Rs 2,500 per sq.ft.

In the latest 2024 revision, the guideline value rose to Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the 2024 guideline value of Kannabiran Koil 1st Street below this median.

• Kannabiran Koil Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Street: Rs 2,750 per sq.ft (2024)
• Kannadasan Street,Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)
• Kambar Street: Rs 2,750 per sq.ft (2024)
• KamatChi Nagar: Rs 4,400 per sq.ft (2024)
• Kannan Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. The total cost for these fees would be Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannabiran Koil 1st Street?

The Kannabiran Koil 1st Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from the transaction through taxes and fees.

Frequently asked questions

What is the current guideline value of Kannabiran Koil 1st Street?

The current guideline value of Kannabiran Koil 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, which is a 10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Kannabiran Koil 1st Street?

Kannabiran Koil 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for this street?

The registration office for Kannabiran Koil 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties on this street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.