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Guideline Value

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Guideline Value for KANNAPPA NAGAR 2ND MAIN ROAD

₹8250/sq.ft.

The guideline value for Kannappa Nagar 2nd 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 2nd Main Road

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Kannappa Nagar 2nd Main Road guideline value

The current guideline value of Kannappa Nagar 2nd Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannappa Nagar 2nd Main Road has changed

The guideline value for Kannappa Nagar 2nd Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, when the value was Rs 810 per sq.ft. This increased to Rs 896 per sq.ft in 2003, marking an increase of 11%. In 2007, the value rose significantly to Rs 1,300 per sq.ft, which was a 45% increase. The 2012 revision saw the value rise to Rs 7,500 per sq.ft, reflecting a substantial increase of 477% from the 2007 figure. However, this was followed by a decrease to Rs 5,025 per sq.ft in 2017, a change of -33%.

In 2023, the guideline value was revised to Rs 7,500 per sq.ft, and then it increased again to Rs 8,250 per sq.ft in 2024, which represents a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 919%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Kannappa Nagar 2nd Main Road's 2024 value below that median.

Stamp duty and registration fee for property in Kannappa Nagar 2nd Main Road

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

Which Sub Registrar Office covers Kannappa Nagar 2nd Main Road?

The Sub Registrar Office that covers Kannappa Nagar 2nd 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 details.

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

The guideline value plays a crucial role in property transactions in Thiruvanmiyur, as it is used to determine the stamp duty and registration fees during the registration process. When a property is bought or sold, the guideline value is considered to ensure that the appropriate taxes are collected based on the value of the property.

It is essential for buyers and sellers to be aware of the guideline value as it directly influences the overall cost of the transaction. Accurate knowledge of the guideline value can help in understanding the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Kannappa Nagar 2nd Main Road?

The current guideline value of Kannappa Nagar 2nd 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, marking an overall increase of 919% over the years.

What is the land classification for Kannappa Nagar 2nd Main Road?

Kannappa Nagar 2nd Main Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 82,50,000, the stamp duty would be Rs 5,77,500 and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Where is the Sub Registrar Office for Kannappa Nagar 2nd Main Road located?

The Sub Registrar Office for Kannappa Nagar 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.