Guideline Value for KANNADASAN STREET

Kannadasan Street guideline value

The current guideline value of Kannadasan Street in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft as per the 2024 revision effective from 1 July 2024. This street is classified under Residential Class II Type - I.

How the guideline value of Kannadasan Street has changed

Over the years, the guideline value of Kannadasan Street has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and further rose by 10% to Rs 988 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value, while from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with the median being Rs 988 per sq.ft. Kannadasan Street's 2024 figure aligns with this median.

• Kannagi St, (Ambedkar Nagar): Rs 1,300 per sq.ft (2024)
• Kannagi Street, Kakkanji Nagar: Rs 1,300 per sq.ft (2024)
• Kandasamy St: Rs 988 per sq.ft (2024)
• Kandasamy Nagar Streets: Rs 988 per sq.ft (2024)
• Kandasamy 2nd Street (West): Rs 988 per sq.ft (2024)
• Kandasamy 2nd Street (East): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannadasan Street?

The Sub Registrar Office that covers Kannadasan Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Thandurai. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps determine the official value of the property for tax purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Kannadasan Street?

The current guideline value of Kannadasan Street is Rs 988 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Kannadasan Street?

Kannadasan Street is classified under Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Kannadasan Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 88,920, based on the guideline value of Rs 9,88,000.

Where is the Sub Registrar Office for Kannadasan Street located?

The Avadi Sub Registrar Office, which covers Kannadasan Street, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.