Guideline Value for KANNAMMAL STREET NARASIMMAN NAGAR (WARD -21)

Kannammal Street Narasimman Nagar (Ward -21) guideline value

The current guideline value of Kannammal Street Narasimman Nagar (Ward -21) is Rs 881 per sq.ft, effective from the 2024 revision. This street is located in Thailavaram village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kannammal Street Narasimman Nagar (Ward -21) has changed

The guideline value for Kannammal Street Narasimman Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has raised it to Rs 881 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, positioning Kannammal Street Narasimman Nagar's 2024 figure above this median.

• Kannagi Street (Ward-21): Rs 660 per sq.ft (2024)
• Kambar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kambar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Karukkan Thoppu (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 881 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kannammal Street Narasimman Nagar (Ward -21)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty, charged at 7%, would amount to Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total cost to Rs 79,290. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannammal Street Narasimman Nagar (Ward -21)?

The Sub Registrar Office covering Kannammal Street Narasimman Nagar (Ward -21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. It is important to consult the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannammal Street Narasimman Nagar?

The current guideline value of Kannammal Street Narasimman Nagar (Ward -21) is Rs 881 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification of Kannammal Street Narasimman Nagar?

Kannammal Street Narasimman Nagar is classified as Residential Class I Type - II.

What is the stamp duty rate for property transactions?

The stamp duty for property transactions in Kannammal Street Narasimman Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kannammal Street Narasimman Nagar?

The Chengleput Joint II Sub Registrar Office covers Kannammal Street Narasimman Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.