Guideline Value for KANNABIRAN NAGAR EXT

Kannabiran Nagar Ext guideline value

The current guideline value for Kannabiran Nagar Ext is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Kannabiran Nagar Ext has changed

The guideline value for Kannabiran Nagar Ext has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,800 per sq.ft. In the 2024 revision, this value increased to Rs 1,980 per sq.ft, marking a change of +10% from the 2012 figure.

There are no figures available in the register for the years 2023, 2017, 2007, 2003, and 2002 for this street. The most recent revision reflects the current market conditions as of July 2024.

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, with a median value of Rs 1,650 per sq.ft. The guideline value for Kannabiran Nagar Ext is above this median.

• Kannabiran Nagar 1st Main Road: Rs 1,980 per sq.ft (2024)
• Kannabiran Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Kannabiran Koil Street: Rs 1,980 per sq.ft (2024)
• Kannadasan Nagar: Rs 1,650 per sq.ft (2024)
• Kannadasan Nagar Extn: Rs 1,650 per sq.ft (2024)
• Kannabiran Koil 3 Cross St: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran Nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value totals 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, bringing the total to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannabiran Nagar Ext?

The Sub Registrar Office covering Kannabiran Nagar Ext 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. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Pallikaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value that will be considered for taxation purposes. This ensures transparency and compliance with local regulations during the registration of property transactions.

Frequently asked questions

What is the current guideline value for Kannabiran Nagar Ext?

The current guideline value for Kannabiran Nagar Ext is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, representing a +10% increase.

Are there any years with no guideline value recorded for this street?

Yes, there are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for Kannabiran Nagar Ext.

What is the registration office for Kannabiran Nagar Ext?

The registration office for Kannabiran Nagar Ext 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.

How is the stamp duty calculated for properties in Kannabiran Nagar Ext?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%.