Guideline Value for KANNADASAN STREET,RAJIV GANDHI STREET

Kannadasan Street,Rajiv Gandhi Street guideline value

The current guideline value for Kannadasan Street and Rajiv Gandhi Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Kannadasan Street,Rajiv Gandhi Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,300 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This change reflects the latest adjustments made in the 2024 revision, which marks a significant update for property transactions in this area.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value for Kannadasan Street and Rajiv Gandhi Street.

• Kannabiran Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil 1st Street: Rs 2,750 per sq.ft (2024)
• Kannan Nagar: Rs 3,300 per sq.ft (2024)
• Kannan Nagar Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)
• Kannappan Street: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Street,Rajiv Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 Street,Rajiv Gandhi Street?

The Sub Registrar Office that covers Kannadasan Street and Rajiv Gandhi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Zaminpallavaram, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that all transactions are aligned with government regulations.

Frequently asked questions

What is the current guideline value for Kannadasan Street,Rajiv Gandhi Street?

The current guideline value for Kannadasan Street and Rajiv Gandhi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street has seen an increase from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase overall. There were no changes in the 2023 revision, and the register has no figures for the years 2002, 2003, 2007, and 2017.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000.

What is the land classification for Kannadasan Street,Rajiv Gandhi Street?

Kannadasan Street and Rajiv Gandhi Street are classified as Residential Class I Type - II, indicating that they are designated for residential use.

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

The Sub Registrar Office for Kannadasan Street and Rajiv Gandhi Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.