Guideline Value for KANNAN KULAM

Kannan Kulam guideline value

The current guideline value of Kannan Kulam is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Kannan Kulam has changed

The guideline value for Kannan Kulam has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is an increase from Rs 700 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Between the revisions, the guideline value has seen significant changes. From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Kannan Kulam.

• Kannikoil Street: Rs 440 per sq.ft (2024)
• Kanniyamman Koil St: Rs 440 per sq.ft (2024)
• Karpagavinayagar Nagar: Rs 770 per sq.ft (2024)
• Kamaraj Nasgar: Rs 770 per sq.ft (2024)
• Kashiya Brindhavan Nagar: Rs 770 per sq.ft (2024)
• Kamala Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kannan Kulam

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making a total of Rs 69,300. It is important to note that the 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 Kulam?

Kannan Kulam falls under the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Kannan Kulam?

The current guideline value of Kannan Kulam is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the registration fee for a property in Kannan Kulam?

The registration fee for a property in Kannan Kulam is calculated at 2% of the guideline value. For example, a property valued at Rs 7,70,000 would incur a registration fee of Rs 15,400.

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

The Sub Registrar Office covering Kannan Kulam is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and helps in calculating the applicable stamp duty and registration fees. It ensures that the government receives the correct revenue from property transactions.