Guideline Value for KANNAGI STREET (WARD -5)

Kannagi Street (Ward -5) guideline value

The current guideline value of Kannagi Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Kannagi Street (Ward -5) has changed

The guideline value for Kannagi Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and most recently, it rose to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions show a 49% increase 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Kannagi Street (Ward -5) is above this median.

• Kannaki Street (N): Rs 1,320 per sq.ft (2024)
• Kannadhasan Street (Ward -7): Rs 1,320 per sq.ft (2024)
• 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)
• Kannadasan Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kannagi Street (Ward -5)

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 fees together to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannagi Street (Ward -5)?

The Sub Registrar Office that covers Kannagi Street (Ward -5) 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 further assistance.

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

The guideline value is a critical factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. 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 Kannagi Street (Ward -5)?

The current guideline value of Kannagi Street (Ward -5) 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Kannagi Street (Ward -5)?

Kannagi Street (Ward -5) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the other streets in Peramanoor with the same guideline value?

Several other streets in Peramanoor have the same guideline value of Rs 1,320 per sq.ft for 2024, including Kannaki Street (N), Kannadhasan Street (Ward -7), and others.

Where can I find the Sub Registrar Office for Kannagi Street (Ward -5)?

The Sub Registrar Office for Kannagi Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.