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 Sattamangalam 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 (Ward -7) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 1,200 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes from the earlier revisions include a significant rise of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Kannadhasan Street (Ward -7) is 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, bringing the total to Rs 1,18,800. Duty is charged on the higher of the guideline value or the sale price.

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

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 Sattamangalam

The guideline value is an essential factor when registering property transactions in Sattamangalam. It determines the minimum value at which a property can be registered, and both stamp duty and registration fees are calculated based on this value.

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 seen several revisions, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

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

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

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

Kannadhasan Street (Ward -7) is classified as Residential Special Type - V, indicating its designated use for residential purposes.