Guideline Value for KANNADASAN STREET

Kannadasan Street guideline value

The current guideline value of Kannadasan Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Kannadasan Street has changed

The guideline value for Kannadasan Street has undergone several revisions over the years. Starting with Rs 895 per sq.ft in 2002, it increased to Rs 983 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 1,400 per sq.ft in 2007, reflecting a 42% increase. By 2012, the value remained at Rs 5,800 per sq.ft, which was a 314% increase from the previous revision. In 2023, the value was again Rs 5,800 per sq.ft, showing no change from 2012. The latest revision in 2024 raised the guideline value to Rs 6,300 per sq.ft, representing a 9% increase from the previous year.

It is important to note that there is no figure available for the 2017 revision for Kannadasan Street. Overall, from 2002 to 2024, the guideline value has increased by 604%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Kannadasan Street's 2024 figure above that median.

• Kannagi Street: Rs 5,000 per sq.ft (2024)
• Kannappa Street (Behind Ambika Empire): Rs 6,300 per sq.ft (2024)
• Kanniappan Street (Choolaimedu): Rs 4,400 per sq.ft (2024)
• Kanthappan Colony: Rs 5,000 per sq.ft (2024)
• Kamatchi Nagar: Rs 5,000 per sq.ft (2024)
• Kamatchiamman Colony 2nd Street: Rs 5,300 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 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, totaling Rs 5,67,000. 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 Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions reflect the official value set by the government, thereby maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kannadasan Street?

The current guideline value of Kannadasan Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 895 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 604% over the years.

What is the land classification for Kannadasan Street?

Kannadasan Street is classified as Residential Special Type - III.

What are the other streets in Puliyur and their guideline values?

Other streets in Puliyur include Kannagi Street at Rs 5,000 per sq.ft, Kannappa Street at Rs 6,300 per sq.ft, and Kanniappan Street at Rs 4,400 per sq.ft, among others.

Where is the Sub Registrar Office for Kannadasan Street located?

The Sub Registrar Office for Kannadasan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.