Guideline Value for KANNAPPA NAGAR

Kannappa Nagar guideline value

The current guideline value of Kannappa Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Kannappa Nagar has changed

Over the years, the guideline value of Kannappa Nagar has seen several revisions. In 2007, the value was Rs 75 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 700% rise. However, this was followed by a decrease to Rs 402 per sq.ft in 2017, a drop of 33%. The value remained at Rs 600 per sq.ft in both 2023 and the current 2024 revision, showing no change from the previous year, which indicates a stability in the guideline value.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 700%, reflecting significant changes over the years.

Guideline values in Athur A Block

Athur A Block comprises 44 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which aligns with the current guideline value of Kannappa Nagar.

• Krishna Garden: Rs 600 per sq.ft (2024)
• Majestic Avenue Phase -I: Rs 300 per sq.ft (2024)
• Majestic Avenue Phase-II: Rs 300 per sq.ft (2024)
• Golden Lane: Rs 600 per sq.ft (2024)
• Gangai Nagar: Rs 600 per sq.ft (2024)
• Ganapathy Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappa Nagar?

The Sub Registrar Office that covers Kannappa Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur A Block. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of their financial obligations. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kannappa Nagar?

The current guideline value of Kannappa Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and remained at Rs 600 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Athur A Block?

Other streets in Athur A Block have guideline values ranging from Rs 300 to Rs 1,525 per sq.ft, with the median value being Rs 600 per sq.ft.

How is stamp duty calculated in Kannappa Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,00,000, the stamp duty at 7% would amount to Rs 42,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Chengleput Joint II Sub Registrar Office at 10, Kancheepuram Main Road, Chengalpattu 603 002, or use the link to find your SRO.