Guideline Value for KANNADASAN STREET (WARD -8)

Kannadasan Street (Ward -8) guideline value

The current guideline value of Kannadasan Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Kannadasan Street (Ward -8) has changed

The guideline value for Kannadasan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,321 per sq.ft, marking a 10% increase from the previous year. Overall, from the 2012 to 2024 revisions, the guideline value has seen a 10% increase.

In terms of percentage changes, the 2023 to 2024 revision saw an increase of 10%. From 2017 to 2023, there was a significant increase of 49%. The 2012 to 2017 revision, however, reflected a decrease of 33%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Kannadasan Street's 2024 value above this median.

• Kannadhasan 4th Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Kannadasan Street, 3rd Lane (Ward -7): Rs 1,321 per sq.ft (2024)
• Kannadhasan Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Kannadasan Cross Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Kannadasan 4th Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Kannadasan 3rd Street (Ward -8): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, while the registration fee at 2% would be Rs 26,420. Together, the total cost for these fees would be Rs 1,18,890. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kannadasan Street (Ward -8)?

The Sub Registrar Office that covers Kannadasan Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

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

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the established rates. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannadasan Street (Ward -8)?

The current guideline value of Kannadasan Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent revision in 2024 setting it at Rs 1,321 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023. The value has also seen fluctuations, including a decrease from 2012 to 2017.

What is the land classification for Kannadasan Street?

The land classification for Kannadasan Street (Ward -8) is Residential Special Type - V, indicating its designation for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,21,000, the stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420.