Guideline Value for KANNADHASAN STREET (WARD -7)

Kannadhasan Street (Ward -7) guideline value

The current guideline value of Kannadhasan Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Kannadhasan Street (Ward -7) has changed

The guideline value for Kannadhasan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, in 2017, the value was Rs 804 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, making the 2024 figure for Kannadhasan Street above this median.

• Kannadhasan 4th Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kannadasan Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kannadasan Street, 3rd Lane (Ward -7): Rs 1,320 per sq.ft (2024)
• Kannagi Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kannadasan Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kannadasan 4th Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadhasan Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kannadhasan Street (Ward -7)?

The Sub Registrar Office that covers Kannadhasan Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official value set by the government. This helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kannadhasan Street (Ward -7)?

The current guideline value of Kannadhasan Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, with various revisions in between, including Rs 1,200 per sq.ft in 2023 and 2012.

What are the other streets in Kattankollatur with similar guideline values?

Several other streets in Kattankollatur have a guideline value of Rs 1,320 per sq.ft for 2024, including Kannadhasan 4th Street (Ward -8) and Kannadasan Street (Ward -8).

What are the stamp duty and registration fees for property transactions?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For instance, for a plot valued at Rs 13,20,000, the total stamp duty and registration fees would amount to Rs 1,18,800.

Which office handles the registration for Kannadhasan Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office handles the registration for Kannadhasan Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.