Guideline Value for KANNAGI ST, (AMBEDKAR NAGAR)

Kannagi St, (Ambedkar Nagar) guideline value

The current guideline value of Kannagi St, (Ambedkar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO and is classified as Residential Special Type - III.

How the guideline value of Kannagi St, (Ambedkar Nagar) has changed

The guideline value for Kannagi St, (Ambedkar Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in 2023 before reaching the current figure of Rs 1,300 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from the 2012 revision to the 2024 revision shows an increase of 8%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value in this area is Rs 988 per sq.ft, placing Kannagi St, (Ambedkar Nagar) above this median with its current value of Rs 1,300 per sq.ft.

• Kannagi Street, Kakkanji Nagar: Rs 1,300 per sq.ft (2024)
• Kannadasan Street: Rs 988 per sq.ft (2024)
• Kandasamy St: Rs 988 per sq.ft (2024)
• Kandasamy Nagar Streets: Rs 988 per sq.ft (2024)
• Kandasamy 2nd Street (West): Rs 988 per sq.ft (2024)
• Kandasamy 2nd Street (East): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kannagi St, (Ambedkar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kannagi St, (Ambedkar Nagar)?

The Sub Registrar Office that covers Kannagi St, (Ambedkar Nagar) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannagi St, (Ambedkar Nagar)?

The current guideline value of Kannagi St, (Ambedkar Nagar) is Rs 1,300 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 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 13,00,000. The stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers this street?

The Avadi Sub Registrar Office covers Kannagi St, (Ambedkar Nagar), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Kannagi St, (Ambedkar Nagar)?

Kannagi St, (Ambedkar Nagar) is classified as Residential Special Type - III, indicating its designated use for residential purposes within the area.