Guideline Value for KANNAPPAR STREET

Kannappar Street guideline value

The current guideline value of Kannappar Street in Theerthangiriyampattu village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Industries Type - I.

How the guideline value of Kannappar Street has changed

The guideline value for Kannappar Street has seen several revisions over the years. The earliest available figure is from 2012, when the value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 700 per sq.ft, and the most recent revision in 2024 set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but then increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu, there are 24 streets that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 605 per sq.ft, placing Kannappar Street's value above this median.

• Karunanidhi Street: Rs 605 per sq.ft (2024)
• Kamarajar Street: Rs 770 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 330 per sq.ft (2024)
• Gandhi Street: Rs 770 per sq.ft (2024)
• Mettu Street: Rs 605 per sq.ft (2024)
• Moongilan Street: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappar Street?

The Sub Registrar Office that covers Kannappar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Theerthangiriyampattu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the legal requirements.

When purchasing property, the guideline value is checked against the sale price to determine the applicable fees. The higher of the two values is used for calculating the stamp duty and registration fees, ensuring that all transactions adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kannappar Street?

The current guideline value of Kannappar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the other streets in Theerthangiriyampattu?

Other streets in Theerthangiriyampattu include Karunanidhi Street, Kamarajar Street, Gangai Amman Koil Street, Gandhi Street, Mettu Street, and Moongilan Street, each with their respective guideline values.

How is stamp duty calculated for properties in Kannappar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 770 per sq.ft would incur a stamp duty of Rs 53,900.

Where can I find the Sub Registrar Office for Kannappar Street?

The Sub Registrar Office for Kannappar Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.