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

Kannammal Street Narasimman Nagar (Ward -21) guideline value

The current guideline value for Kannammal Street Narasimman Nagar (Ward -21) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO, with a land classification of 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 oldest recorded figure is from 2012, which was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in 2023, and most recently, it rose to Rs 880 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded guideline values for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 825 per sq.ft, placing 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 880 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, together totaling Rs 79,200. It is important to note that the 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 that covers Kannammal Street Narasimman Nagar (Ward -21) 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 additional assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kannammal Street Narasimman Nagar (Ward -21)?

The current guideline value for Kannammal Street Narasimman Nagar (Ward -21) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, with the most recent increase being from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, a 10% rise.

What is the median guideline value in Vallancheri?

The median guideline value in Vallancheri is Rs 825 per sq.ft, with Kannammal Street Narasimman Nagar's 2024 figure being above this median.

What are the stamp duty rates applicable for properties in Vallancheri?

The stamp duty rate for properties in Vallancheri is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kannammal Street Narasimman Nagar (Ward -21)?

The Sub Registrar Office for Kannammal Street Narasimman Nagar (Ward -21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.