Guideline Value for KANNAPPA NAGAR 4TH CROSS STREET

Kannappa Nagar 4th Cross Street guideline value

The current guideline value of Kannappa Nagar 4th Cross Street 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 4th Cross Street has changed

The guideline value for Kannappa Nagar 4th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 732 per sq.ft, which increased to Rs 810 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,300 per sq.ft in 2007, and then it jumped to Rs 7,500 per sq.ft in 2012. However, this figure dropped to Rs 5,025 per sq.ft in 2017. The guideline value then rose to Rs 7,500 per sq.ft in 2023, and currently stands at Rs 8,250 per sq.ft as of the 2024 revision.

Between the revisions, the changes are as follows: from 2002 to 2024, there has been an overall increase of 1,027%. The jump from 2017 to 2023 was 49%, while the 2012 to 2017 period saw a decrease of 33%. The 2007 to 2012 revision experienced a dramatic increase of 477%, and from 2003 to 2007, there was a rise of 60%. Lastly, the change from 2002 to 2003 was an increase of 11%. There are no figures available for revisions in years not listed.

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 is Rs 9,900 per sq.ft, making the 2024 figure for Kannappa Nagar 4th Cross Street below this median.

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

Stamp duty and registration fee for property in Kannappa Nagar 4th 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 the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannappa Nagar 4th Cross Street?

The Sub Registrar Office that covers Kannappa Nagar 4th 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. 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 an essential factor when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Kannappa Nagar 4th Cross Street?

The current guideline value of Kannappa Nagar 4th 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 1,027% over the years.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, with Kannappa Nagar 4th Cross Street's 2024 figure being below this median.

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 4th Cross Street located?

The Sub Registrar Office for Kannappa Nagar 4th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.