Guideline Value for KANNAPPA NAGAR 3RD CROSS STREET

Kannappa Nagar 3rd Cross Street guideline value

The current guideline value of Kannappa Nagar 3rd Cross Street is Rs 8,250 per sq.ft, effective from 1 July 2024. This street 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 3rd Cross Street has changed

The guideline value for Kannappa Nagar 3rd Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 732 per sq.ft. This increased to Rs 810 per sq.ft in 2003, marking a change of +11%. In 2007, the value saw a significant rise to Rs 1,300 per sq.ft, reflecting an increase of +60%. The value then jumped dramatically to Rs 7,500 per sq.ft in 2012, which was a remarkable increase of +477%. However, it decreased to Rs 5,025 per sq.ft in 2017, showing a decline of -33%. The guideline value rose again to Rs 7,500 per sq.ft in 2023, and most recently, it has increased to Rs 8,250 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1027%. There are no figures available for the years not mentioned in the revisions for this street.

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, positioning Kannappa Nagar 3rd Cross Street's 2024 figure below that median.

• Kannappa Nagar 2nd Street: Rs 8,250 per sq.ft (2024)
• Kannappa Nagar 3rd Main Road: Rs 8,250 per sq.ft (2024)
• Kannappa Nagar 3rd Street: Rs 8,250 per sq.ft (2024)
• Kannappa Nagar 2nd Main Road: Rs 8,250 per sq.ft (2024)
• Kannappa Nagar 4th Cross Street: Rs 8,250 per sq.ft (2024)
• Kannappa Nagar 2nd Cross Street: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappa Nagar 3rd Cross Street

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 to Rs 7,42,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kannappa Nagar 3rd Cross Street?

The Kannappa Nagar 3rd Cross Street is covered by 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 plays a crucial role in the registration process of property transactions in Thiruvanmiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

This ensures that the government receives the appropriate revenue from property transactions, and it helps maintain transparency in the real estate market. Buyers and sellers should be aware of the guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Kannappa Nagar 3rd Cross Street?

The current guideline value of Kannappa Nagar 3rd Cross Street 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 changed from Rs 732 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, showing an overall increase of +1027% over the years.

What is the land classification for Kannappa Nagar 3rd Cross Street?

The land classification for Kannappa Nagar 3rd Cross Street is Residential Class II Type - I.

Where can I find the registration office for Kannappa Nagar 3rd Cross Street?

The registration office for Kannappa Nagar 3rd Cross Street 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.

How is stamp duty calculated for properties in Kannappa Nagar 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 5,77,500.