Guideline Value for KANNAGI ST

Kannagi St guideline value

The current guideline value of Kannagi St in Vilingiyambakkam village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Kannagi St has changed

Over the years, the guideline value of Kannagi St has seen several revisions. The 2007 revision recorded a value of Rs 250 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 502 per sq.ft. The value then rose sharply to Rs 800 per sq.ft in 2023 and has remained at that level through the 2024 revision.

In summary, the guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2024, marking an overall increase of 220%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Kannagi St is below this median.

• Kambar St: Rs 935 per sq.ft (2024)
• Kanniyamman Koil 1st Cross St: Rs 935 per sq.ft (2024)
• Kanniyamman Koil St & Extn: Rs 935 per sq.ft (2024)
• Kariyappa Nagar: Rs 800 per sq.ft (2024)
• Kamaraj Nagar 1st Main Road: Rs 1,625 per sq.ft (2024)
• Karumariyamman Koil 1st Cross St: Rs 935 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 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It’s 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 detailed calculations.

Which Sub Registrar Office covers Kannagi St?

Kannagi St is covered by 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 Vilingiyambakkam

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is important for both buyers and sellers to be aware of the current guideline value to make informed decisions during transactions.

Frequently asked questions

What is the current guideline value of Kannagi St?

The current guideline value of Kannagi St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the classification of land on Kannagi St?

Kannagi St is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The Avadi Sub Registrar Office covers Kannagi St and is 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 property on Kannagi St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft would incur a total guideline value of Rs 8,00,000, leading to stamp duty and registration fees totaling Rs 72,000.