Guideline Value for KANNABIRAN KOIL STREET

Kannabiran Koil Street guideline value

The current guideline value of Kannabiran Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kannabiran Koil Street has changed

The guideline value for Kannabiran Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 200 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% rise. However, in 2017, it dropped to Rs 1,340 per sq.ft, a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft following the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value among these streets is Rs 1,940 per sq.ft, placing Kannabiran Koil Street's 2024 figure above this median.

• Kannabiran Koil Street Ext: Rs 2,200 per sq.ft (2024)
• Kannabiran Koil 1 To 2 Streets: Rs 2,200 per sq.ft (2024)
• Kalainger Nagar: Rs 2,750 per sq.ft (2024)
• Kalaingar Nagar 1 To 4 Streets: Rs 2,750 per sq.ft (2024)
• Kennady Valley: Rs 2,200 per sq.ft (2024)
• Kennady Valley 1 to 3 Cross Streets: 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Kannabiran Koil Street?

The Sub Registrar Office that covers Kannabiran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirusulam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it influences the overall costs involved in the transaction. Buyers should consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannabiran Koil Street?

The current guideline value of Kannabiran Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking a total increase of 1000% over the years.

What is the land classification for Kannabiran Koil Street?

Kannabiran Koil Street is classified as Residential Class II Type - II.

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

The Sub Registrar Office for Kannabiran Koil 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 in Thirusulam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.