Guideline Value for KANNABIRAN KOIL 3 CROSS ST

Kannabiran Koil 3 Cross St guideline value

The current guideline value of Kannabiran Koil 3 Cross St is Rs 1,980 per sq.ft. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kannabiran Koil 3 Cross St has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,800 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,980 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, positioning the 2024 figure for Kannabiran Koil 3 Cross St above this median.

• Kannabiran Cross Street: Rs 1,980 per sq.ft (2024)
• Kannabiran Koil Street: Rs 1,980 per sq.ft (2024)
• Kannabiran Nagar 1st Main Road: Rs 1,980 per sq.ft (2024)
• Kannabiran Nagar Ext: Rs 1,980 per sq.ft (2024)
• Kannabiran Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Kannadasan Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran Koil 3 Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kannabiran Koil 3 Cross St?

The Sub Registrar Office covering Kannabiran Koil 3 Cross St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is fair and transparent.

Frequently asked questions

What is the current guideline value for Kannabiran Koil 3 Cross St?

The current guideline value for Kannabiran Koil 3 Cross St is Rs 1,980 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 1,800 per sq.ft. However, in the 2024 revision, it increased to Rs 1,980 per sq.ft, marking a 10% rise from the previous year.

What are the stamp duty and registration fees for property here?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, while the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for this area?

The Chennai South Joint I Sub Registrar Office handles registrations for Kannabiran Koil 3 Cross St, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Kannabiran Koil 3 Cross St?

The land classification for Kannabiran Koil 3 Cross St is Residential Class III Type - I.