Guideline Value for KANNAPPAN GARDEN

Kannappan Garden guideline value

The current guideline value of Kannappan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Karapakkam village, under the Neelankarai SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Kannappan Garden has changed

Over the years, the guideline value of Kannappan Garden has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,700 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows an increase of 13%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with the median being Rs 1,700 per sq.ft. The guideline value of Kannappan Garden matches this median.

• Kanniappan Garden: Rs 1,700 per sq.ft (2024)
• Kandhasamy Street: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 1,700 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Kalyani Narayanan Garden: Rs 1,100 per sq.ft (2024)
• Kcg College Land: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total charges to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannappan Garden?

The Sub Registrar Office that covers Kannappan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Karapakkam, as it determines the minimum value at which a property can be registered. When you buy or sell a property, the registration process will utilize the guideline value to calculate applicable duties and fees.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. The stamp duty and registration fees are calculated based on this value, ensuring that all transactions comply with local regulations.

Frequently asked questions

What is the current guideline value of Kannappan Garden?

The current guideline value of Kannappan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the other streets in Karapakkam with similar guideline values?

Other streets in Karapakkam with a guideline value of Rs 1,700 per sq.ft include Kanniappan Garden, Kandhasamy Street, and Kambar Street.

What fees are associated with property transactions in Kannappan Garden?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.