Guideline Value for KANNAGI ST

Kannagi St guideline value

The current guideline value of Kannagi St in Paruthipattu village under the Avadi SRO is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kannagi St has changed

The guideline value for Kannagi St has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 900 per sq.ft. In 2017, the value decreased to Rs 603 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 900 per sq.ft in 2023, and further increased to Rs 950 per sq.ft in the 2024 revision, reflecting a change of 6% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the current 2024 revision shows a slight increase of 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Kannagi St is below this median.

• Kannigapuram Main Road: Rs 1,625 per sq.ft (2024)
• Kambar St: Rs 950 per sq.ft (2024)
• Kamaraj Nagar Road, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Road: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Main Road & Cross Streets: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar Main Road (Commercial): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kannagi St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total fees together Rs 85,500. It is important to note that the 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 St?

The Sub Registrar Office that covers Kannagi St 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannagi St?

The current guideline value of Kannagi St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Kannagi St?

Kannagi St is classified under Residential Class II Type - I land classification.

What are the stamp duty and registration fees for properties in Kannagi St?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,50,000, leading to a stamp duty of Rs 66,500 and a registration fee of Rs 19,000, totaling Rs 85,500.

Which office handles the registration for Kannagi St?

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