Guideline Value for KANNAN NAGAR PILLAIYAR KOIL STREET

Kannan Nagar Pillaiyar Koil Street guideline value

The current guideline value of Kannan Nagar Pillaiyar Koil Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class IV Type - I.

How the guideline value of Kannan Nagar Pillaiyar Koil Street has changed

The guideline value for Kannan Nagar Pillaiyar Koil Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased to Rs 2,000 per sq.ft in 2023 and further rose to Rs 2,100 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 5%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, indicating that Kannan Nagar Pillaiyar Koil Street's 2024 figure is below this median.

• Kannan Nagar: Rs 3,300 per sq.ft (2024)
• Kannappan Street: Rs 2,100 per sq.ft (2024)
• Kanni Koil Street: Rs 2,750 per sq.ft (2024)
• Kannadasan Street, Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)
• Karikalan Street: Rs 3,300 per sq.ft (2024)
• Kannabiran Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kannan Nagar Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty, charged at 7%, would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. 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 Nagar Pillaiyar Koil Street?

The Kannan Nagar Pillaiyar Koil Street falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must consider the guideline value as it reflects the official valuation set by the government.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannan Nagar Pillaiyar Koil Street?

The current guideline value of Kannan Nagar Pillaiyar Koil Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the land classification of Kannan Nagar Pillaiyar Koil Street?

Kannan Nagar Pillaiyar Koil Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 21,00,000. The stamp duty at 7% is Rs 1,47,000, and the registration fee at 2% is Rs 42,000, totaling Rs 1,89,000.

Which office handles registrations for Kannan Nagar Pillaiyar Koil Street?

The Pallavaram Sub Registrar Office handles registrations for Kannan Nagar Pillaiyar Koil Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.