Guideline Value for KANNAN GARDEN

Kannan Garden guideline value

The current guideline value of Kannan Garden is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Kannan Garden has changed

The guideline value for Kannan Garden has seen significant changes over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 200 per sq.ft, which increased to Rs 501 per sq.ft in the 2024 revision, marking a change of +151%.

With the 2024 revision, Kannan Garden's guideline value aligns with the median value of Rs 501 per sq.ft for 50 streets in Thadaperumbakkam under the Ponneri SRO. The previous value of Rs 200 per sq.ft in 2023 reflects a substantial increase, indicating a notable adjustment in the guideline value for this area.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, the guideline values range from Rs 500 to Rs 1,500 per sq.ft, with the median being Rs 501 per sq.ft. Kannan Garden's 2024 figure matches this median. Here are some other streets in Thadaperumbakkam:

• Kannan Garden Ext: 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

For a 1,000 sq.ft plot at the current rate of Rs 501 per sq.ft, the 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, totaling Rs 45,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannan Garden?

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

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

The guideline value plays a crucial role during the registration of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the total costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Kannan Garden?

The current guideline value of Kannan Garden 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, representing a change of +151%.

What is the land classification for Kannan Garden?

Kannan Garden is classified as Residential Class II Type - I, indicating its suitability for residential development.

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 the registration of properties in Kannan Garden.

How is the stamp duty calculated for properties in Kannan Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 501 per sq.ft would incur a total stamp duty and registration fee of Rs 45,090.