Guideline Value for KANNAPPAN NAGAR

Kannappan Nagar guideline value

The current guideline value of Kannappan Nagar, located in Matthur village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Kannappan Nagar has changed

The guideline value for Kannappan Nagar has undergone several revisions over the years. In 2003, the value was Rs 75 per sq.ft, which increased to Rs 100 per sq.ft in 2007. The 2012 revision saw a significant rise to Rs 1,000 per sq.ft, but this was followed by a decrease to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1367%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is the same as that of Kannappan Nagar for 2024.

• Kanagambal Nagar Extn: Rs 1,100 per sq.ft (2024)
• Kanagambal Nagar: Rs 1,100 per sq.ft (2024)
• Karumari Amman Kovil Streets/ Nagars: Rs 1,100 per sq.ft (2024)
• Kamaraj Salai: Rs 1,650 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,100 per sq.ft (2024)
• Kavi Thendral Kalyanasundaranar Nagar/ Ext: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannappan Nagar?

The Sub Registrar Office that covers Kannappan Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Matthur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it can influence negotiations and the overall cost of the property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kannappan Nagar?

The current guideline value of Kannappan Nagar is Rs 1,100 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 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1367% over the years.

What is the land classification of Kannappan Nagar?

Kannappan Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Kannappan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.