Guideline Value for KANNAN GARDEN EXT

Kannan Garden Ext guideline value

The current guideline value for Kannan Garden Ext is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village, under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kannan Garden Ext has changed

The guideline value for Kannan Garden Ext has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which increased to Rs 501 per sq.ft in the 2024 revision, marking a significant change of +151%.

Prior to the 2023 revision, there were no recorded figures for Kannan Garden Ext. The 2024 figure of Rs 501 per sq.ft aligns with the median value for 50 streets in Thadaperumbakkam, which ranges from Rs 500 to Rs 1,500 per sq.ft.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, the guideline values for various streets reflect a range of Rs 500 to Rs 1,500 per sq.ft, with Kannan Garden Ext's 2024 figure equal to the median of Rs 501 per sq.ft. Below are the guideline values for other streets in Thadaperumbakkam:

• Kannan Garden: Rs 501 per sq.ft (2024)
• Kailash Nagar: Rs 501 per sq.ft (2024)
• Kotteeswara Rao Nagar: Rs 600 per sq.ft (2024)
• Hira Rubi Avenue: Rs 600 per sq.ft (2024)
• Hira Apple Garden: Rs 501 per sq.ft (2024)
• Logambigai Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kannan Garden Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total fees together to Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannan Garden Ext?

Kannan Garden Ext falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Thadaperumbakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling a property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value for Kannan Garden Ext?

The current guideline value for Kannan Garden Ext is Rs 501 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 200 per sq.ft to Rs 501 per sq.ft, which is a change of +151%.

What is the land classification for Kannan Garden Ext?

Kannan Garden Ext is classified as Residential Class II Type - I, which indicates its use for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in the Kannan Garden Ext area.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate would incur total fees of Rs 45,090.