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Guideline Value

Corporate

Guideline Value for KANNADHASAN STREET (WARD -7)

₹1321/sq.ft.

The guideline value for Kannadhasan Street (ward -7) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1321 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹1321 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kannadhasan Street (ward -7)

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Kannadhasan Street (Ward -7) guideline value

The current guideline value of Kannadhasan Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,321 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The change from 2023 to 2024 represents a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, making the value of Kannadhasan Street (Ward -7) above that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,321 per sq.ft, the guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. Please 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 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 Ninna Karai

The guideline value is a crucial factor during property registration in Ninna Karai. It serves as a benchmark for determining the value of property transactions and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and fairness in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

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 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, which is a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Kannadhasan Street (Ward -7)?

The land classification for Kannadhasan Street (Ward -7) is Residential Special Type - V, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Kannadhasan Street (Ward -7)?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470, and the registration fee would be Rs 26,420, totaling Rs 1,18,890. These fees are calculated based on the guideline value.

Where is the Sub Registrar Office for Kannadhasan Street (Ward -7)?

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