Guideline Value for KANNADASAN NAGAR

Kannadasan Nagar guideline value

The current guideline value of Kannadasan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Residential Special Type - I. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Kannadasan Nagar has changed

The guideline value for Kannadasan Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 804 per sq.ft. The most recent 2023 revision increased this to Rs 1,200 per sq.ft, marking a change of +49% from the previous figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. This means that the only documented changes are between the 2017 and 2023 revisions.

Guideline values in Urapakkam

Currently, the guideline value for Urapakkam is represented by the figures for Kannadasan Nagar. There are no other streets in Urapakkam under the Gooduvancheri SRO with specified guideline values.

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Stamp duty and registration fee for property in Kannadasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 detailed calculations.

Which Sub Registrar Office covers Kannadasan Nagar?

The Sub Registrar Office that covers Kannadasan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer is required to pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government collects the appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Kannadasan Nagar?

The current guideline value of Kannadasan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, which is a change of +49%.

Are there any guideline values for other streets in Urapakkam?

There are no guideline values provided for other streets in Urapakkam under the Gooduvancheri SRO.

What are the stamp duty and registration fees for a property in Kannadasan Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.