Guideline Value

Corporate

Guideline Value for KANNADASAN NAGAR

₹1650/sq.ft.

The guideline value for Kannadasan Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹64 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Kannadasan Nagar guideline value

The current guideline value of Kannadasan Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Kannadasan Nagar has changed

The guideline value for Kannadasan Nagar has undergone several revisions over the years. Starting from Rs 64 per sq.ft in 2002, it increased to Rs 100 per sq.ft in 2003, marking a change of 56%. The value saw a significant jump to Rs 500 per sq.ft in 2007, which is a 400% increase. In 2012, the guideline value rose to Rs 1,500 per sq.ft, reflecting a 200% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from 2012. Overall, from 2002 to 2024, the guideline value has increased by 2,478%.

The register has no figure for the years 2017 and 2023 for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Kannadasan Nagar.

Stamp duty and registration fee for property in Kannadasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please 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 details.

Which Sub Registrar Office covers Kannadasan Nagar?

The Sub Registrar Office that covers Kannadasan Nagar 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 of property transactions in Pallikaranai. It determines 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, the guideline value is considered to calculate the applicable taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kannadasan Nagar?

The current guideline value of Kannadasan Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 64 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 2,478%.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Kannabiran Nagar Main Road, Kannabiran Nagar Ext, Kannadasan Nagar Extn, Kannabiran Nagar 1st Main Road, Kannabiran Koil Street, and Kannabiran Koil 3 Cross St, with values ranging from Rs 1,650 to Rs 1,980 per sq.ft in 2024.

What is the stamp duty on property in Kannadasan Nagar?

The stamp duty on property in Kannadasan Nagar is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,15,500.

Where can I find the Sub Registrar Office for Kannadasan Nagar?

The Sub Registrar Office for Kannadasan Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details by visiting the provided link.