Guideline Value

Corporate

Guideline Value for KANNAPPA NAGAR 1ST MAIN ROAD

₹8250/sq.ft.

The guideline value for Kannappa Nagar 1st Main Road in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 8250 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8250 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹896 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹810 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannappa Nagar 1st Main Road

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Kannappa Nagar 1st Main Road guideline value

The current guideline value of Kannappa Nagar 1st Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kannappa Nagar 1st Main Road has changed

Over the years, the guideline value of Kannappa Nagar 1st Main Road has seen significant changes. Starting from Rs 810 per sq.ft in 2002, the value increased to Rs 896 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,300 per sq.ft in 2007, which was a substantial increase of 45%. Following this, the value surged to Rs 7,500 per sq.ft in 2012, reflecting a remarkable growth of 477%. However, it then dropped to Rs 5,025 per sq.ft in 2017, a decrease of 33%. The guideline value further increased to Rs 7,500 per sq.ft in 2023 and finally reached Rs 8,250 per sq.ft in 2024, marking a 10% rise from the previous year.

In summary, the guideline value has increased from Rs 810 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, which represents an overall increase of 919% over this period. There are no figures available for other revisions for this street in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value of Kannappa Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Kannappa Nagar 1st Main Road

For a 1,000 sq.ft plot at the current rate of Rs 8,250 per sq.ft, the guideline value would be Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, together totaling Rs 7,42,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannappa Nagar 1st Main Road?

The Sub Registrar Office that covers Kannappa Nagar 1st Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the necessary revenue from property transactions.

Additionally, the guideline value serves as a benchmark for property transactions, helping to standardize property prices within the locality. Buyers and sellers should be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Kannappa Nagar 1st Main Road?

The current guideline value of Kannappa Nagar 1st Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 810 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, with various changes occurring in between, including a drop in 2017.

What is the land classification for Kannappa Nagar 1st Main Road?

The land classification for Kannappa Nagar 1st Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kannappa Nagar 1st Main Road?

The Sub Registrar Office for Kannappa Nagar 1st Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the stamp duty and registration fee for property in Kannappa Nagar 1st Main Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 7,42,500, which includes both fees.