Guideline Value for KANNAN AVENUE

Kannan Avenue guideline value

The current guideline value of Kannan Avenue, located in Agaramthen village under the Tambaram Joint 1 SRO, is Rs 3,300 per sq.ft. This value is effective from 1 July 2024 and is classified as Mixed Special Type - II.

How the guideline value of Kannan Avenue has changed

In the 2017 revision, the guideline value for Kannan Avenue was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a significant rise of 65% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, placing Kannan Avenue's 2024 figure above this median.

• Kannanji 2nd Cross Street: Rs 830 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Kamaraj Street: Rs 830 per sq.ft (2024)
• Kamaraj Cross Street: Rs 830 per sq.ft (2024)
• Kattabomman Street: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Kannan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is 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 Kannan Avenue?

The Sub Registrar Office that covers Kannan Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value is a crucial factor during the registration of property transactions in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the stamp duty is based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannan Avenue?

The current guideline value of Kannan Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value of Kannan Avenue has increased by 65%, from Rs 2,000 per sq.ft to Rs 3,300 per sq.ft in 2024.

What are the other streets in Agaramthen with their guideline values?

Other streets in Agaramthen have a guideline value of Rs 830 per sq.ft in 2024, including Kannanji 2nd Cross Street, Kambar Street, Kamaraj Street, Kamaraj Cross Street, Kattabomman Street, and Kamarajar Street.

Where can I find the Sub Registrar Office for Kannan Avenue?

The Sub Registrar Office for Kannan Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000.