Guideline Value for KANNAMMAL STREET

Kannammal Street guideline value

The current guideline value of Kannammal Street is Rs 3,740 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, and it is classified as Residential Special Type - I.

How the guideline value of Kannammal Street has changed

Over the years, the guideline value of Kannammal Street has seen significant changes. The 2017 revision set the value at Rs 2,275 per sq.ft, which increased to Rs 3,396 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 3,740 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Kannammal Street is above this median.

• Kannan Avenue: Rs 3,960 per sq.ft (2024)
• Kannan Avenue Stage-5: Rs 1,980 per sq.ft (2024)
• Kannaki Street and Nagar: Rs 2,310 per sq.ft (2024)
• Kannaki Street: Rs 2,310 per sq.ft (2024)
• Kannadasan Street: Rs 2,310 per sq.ft (2024)
• Kambar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kannammal Street

For a 1,000 sq.ft plot at the current rate of Rs 3,740 per sq.ft, the guideline value amounts to Rs 37,40,000. The stamp duty at 7% would be Rs 2,61,800, and the registration fee at 2% would be Rs 74,800, totaling Rs 3,36,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannammal Street?

The Sub Registrar Office that covers Kannammal Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical figure used during the registration process of property transactions in Perungalathur. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kannammal Street?

The current guideline value of Kannammal Street is Rs 3,740 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,275 per sq.ft in 2017 to Rs 3,740 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification of Kannammal Street?

Kannammal Street is classified as Residential Special Type - I under the current guidelines.

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

The Sub Registrar Office for Kannammal Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Kannammal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would amount to Rs 2,61,800.