Guideline Value for KANNADHASAN STREET

Kannadhasan Street guideline value

The current guideline value of Kannadhasan Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Kannadhasan Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. From 2012 to the 2024 revision, there was an increase of 10%, bringing the current value to Rs 1,320 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Therefore, the only revisions with figures are from 2012 to 2024. The increase reflects the adjustments made in the guideline values over time, with the most recent revision being significant in its upward movement.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. Kannadhasan Street's 2024 figure is below this median.

• Kannadasan Nagar Extn: Rs 1,650 per sq.ft (2024)
• Kannadasan Nagar: Rs 1,650 per sq.ft (2024)
• Kannabiran Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Kannabiran Nagar Ext: Rs 1,980 per sq.ft (2024)
• Kannabiran Nagar 1st Main Road: Rs 1,980 per sq.ft (2024)
• Kannabiran Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadhasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannadhasan Street?

The Sub Registrar Office that covers Kannadhasan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with the regulations set by the registration authorities.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the transaction is recorded accurately and in accordance with the law.

Frequently asked questions

What is the current guideline value of Kannadhasan Street?

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

How has the guideline value changed over the years?

From the 2012 revision, the guideline value increased from Rs 1,200 per sq.ft to Rs 1,320 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of Kannadhasan Street?

Kannadhasan Street is classified as Residential Class IV Type - II. This classification impacts the guideline value and the regulations governing property transactions in the area.

Where can I find the registration office for Kannadhasan Street?

The registration office for Kannadhasan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, 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.