Guideline Value for KANNABIRAN KOIL STREET

Kannabiran Koil Street guideline value

The current guideline value of Kannabiran Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannabiran Koil Street has changed

The guideline value for Kannabiran Koil Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 422 per sq.ft. This increased to Rs 463 per sq.ft in 2003, marking a 10% rise. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, reflecting a 73% increase. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, a drop of 400% from the previous figure. In 2017, the value increased to Rs 2,680 per sq.ft, which was a 33% decrease from 2012. The most recent revisions show a rise to Rs 4,000 per sq.ft in 2023 and then to Rs 4,300 per sq.ft in 2024, marking an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 919%. There are no revisions with figures missing for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Kannabiran Koil Street is above this median.

• Kandhan Street: Rs 3,800 per sq.ft (2024)
• Kandappa Pillai Street: Rs 3,800 per sq.ft (2024)
• Kanagammal Lane: Rs 2,200 per sq.ft (2024)
• Kamraj Street: Rs 2,200 per sq.ft (2024)
• Kamraj New Colony: Rs 3,200 per sq.ft (2024)
• Kamatchi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, making the total Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannabiran Koil Street?

The Sub Registrar Office that covers Kannabiran Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Perambur. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized valuation rather than negotiations between buyers and sellers.

When you buy or sell property, the guideline value helps in establishing a fair valuation for the transaction, which is essential for legal and financial purposes. This process ensures transparency and compliance with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Kannabiran Koil Street?

The current guideline value of Kannabiran Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 422 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, showing an overall increase of 919% over the years.

What is the land classification for Kannabiran Koil Street?

Kannabiran Koil Street is classified as Residential Class II Type - I. This classification affects the guideline value and property usage in the area.

Where can I find the Sub Registrar Office for Kannabiran Koil Street?

The Sub Registrar Office covering Kannabiran Koil Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles all registration activities for the area.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 4,300 per sq.ft, the stamp duty would be calculated on Rs 43,00,000.