Guideline Value for KANNAYIRAM STREET

₹1000/sq.ft.

The guideline value for Kannayiram Street in Chinnasekkadu village (Thiruvottiyur SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnasekkadu

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹112 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannayiram Street

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Kannayiram Street guideline value

The current guideline value of Kannayiram Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village, under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kannayiram Street has changed

The guideline value for Kannayiram Street has seen several revisions over the years. In 2003, the value was Rs 112 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose significantly to Rs 800 per sq.ft in 2012, before decreasing to Rs 536 per sq.ft in 2017. However, it rebounded to Rs 1,000 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, reflecting a 87% increase from 2017 to 2023 and an overall increase of 793% from 2003 to 2024.

The register has no figure for the year 2002 for this street. The changes between the revisions illustrate the fluctuations in guideline values over time, with notable increases in the years following 2007.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kannayiram Street's 2024 value is below this median.

Stamp duty and registration fee for property in Kannayiram Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannayiram Street?

The Sub Registrar Office that covers Kannayiram Street 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 Chinnasekkadu

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kannayiram Street?

The current guideline value of Kannayiram Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 112 per sq.ft in 2003 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 793% over this period.

What is the land classification for Kannayiram Street?

Kannayiram Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same amount.

Where is the Thiruvottiyur Sub Registrar Office located?

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