Guideline Value for KANNABIRAN STREET

Kannabiran Street guideline value

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

How the guideline value of Kannabiran Street has changed

In the 2012 revision, the guideline value for Kannabiran Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 2,750 per sq.ft.

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

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Kannabiran Street's 2024 figure below this median.

• Kannabiran Koil Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil 1st 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)
• Kannan Nagar: Rs 3,300 per sq.ft (2024)
• KamatChi Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran 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, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers Kannabiran Street?

Kannabiran Street falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is crucial during property registration as it determines the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction process. This ensures that both parties are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Kannabiran Street?

The current guideline value of Kannabiran 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 for Kannabiran Street was Rs 2,500 per sq.ft in both 2012 and 2023. It increased to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

What is the land classification for Kannabiran Street?

Kannabiran Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Kannabiran Street?

The Pallavaram Sub Registrar Office, which covers Kannabiran Street, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Kannabiran Street?

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