Guideline Value for KANNAGI STREET, KAKKANJI NAGAR

Kannagi Street, Kakkanji Nagar guideline value

The current guideline value of Kannagi Street, Kakkanji Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under Thandurai village and is classified as Residential Special Type - III, governed by the Avadi SRO.

How the guideline value of Kannagi Street, Kakkanji Nagar 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 further rose to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decline of 33%, but the overall change from 2012 to 2024 shows an increase of 8%. The jump from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 represents a substantial increase of 49% over that six-year period.

Guideline values in Thandurai

In Thandurai, there are a total of 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. The guideline value of Kannagi Street at Rs 1,300 per sq.ft is above this median.

• Kannagi St, (Ambedkar 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 Street, Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the 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 Kannagi Street, Kakkanji Nagar?

The Sub Registrar Office that covers Kannagi Street, Kakkanji 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Thandurai, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as this will influence the overall costs involved in the transaction. Understanding these values can help in making informed decisions when dealing with properties in the area.

Frequently asked questions

What is the current guideline value of Kannagi Street, Kakkanji Nagar?

The current guideline value of Kannagi Street, Kakkanji 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 is the land classification for Kannagi Street?

Kannagi Street is classified as Residential Special Type - III, indicating its designated use for residential purposes within the area.

Where can I find the Sub Registrar Office for Kannagi Street?

The Sub Registrar Office for Kannagi Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Kannagi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.