Guideline Value for KANNADASAN STREET / KANNADASAN ROAD

Kannadasan Street / Kannadasan Road guideline value

The current guideline value of Kannadasan Street / Kannadasan Road is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Commercial Special Type - III.

How the guideline value of Kannadasan Street / Kannadasan Road has changed

The guideline value has seen significant changes over the years. The oldest recorded revision is from 2017, where the value was Rs 10,720 per sq.ft. This increased to Rs 16,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 shows a further increase to Rs 17,600 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with a 2024 guideline value range from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Kannadasan Street / Kannadasan Road above this median.

• Kannammapet: Rs 5,500 per sq.ft (2024)
• Kanniah Street: Rs 6,600 per sq.ft (2024)
• Kamaraj Colony: Rs 5,500 per sq.ft (2024)
• Kamalabai Street: Rs 8,300 per sq.ft (2024)
• Kaliur Srinivasa Chari Road: Rs 5,500 per sq.ft (2024)
• Kodambakkam High Road: Rs 22,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Street / Kannadasan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannadasan Street / Kannadasan Road?

The Sub Registrar Office that covers Kannadasan Street / Kannadasan Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Tnagar. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs reflect the current market conditions.

When buying or selling property, the guideline value helps determine the legal value of the property for registration purposes. It is essential to be aware of these values to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Kannadasan Street / Kannadasan Road?

The current guideline value of Kannadasan Street / Kannadasan Road is Rs 17,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 16,000 to Rs 17,600 per sq.ft. Overall, from 2017 to 2024, the increase is 64%.

What is the land classification for Kannadasan Street / Kannadasan Road?

The land classification for Kannadasan Street / Kannadasan Road is Commercial Special Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kannadasan Street / Kannadasan Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Tnagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,76,00,000, the stamp duty would be calculated at 7% of this amount.