Guideline Value for KANNI KOIL STREET

Kanni Koil Street guideline value

The current guideline value of Kanni Koil Street in Arasankalani village is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Commercial Class I Type - II.

How the guideline value of Kanni Koil Street has changed

The guideline value for Kanni Koil Street has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft. This increased to Rs 1,500 per sq.ft in 2017, marking a 25% rise. The subsequent revision in 2023 set the value at Rs 2,240 per sq.ft, which was a significant increase of 49% from the 2017 figure. The latest revision in 2024 raised the guideline value to Rs 2,400 per sq.ft, reflecting a 7% increase from 2023.

There are no figures available for Kanni Koil Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 100%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, positioning Kanni Koil Street above this median.

• Karanai Main Road: Rs 2,100 per sq.ft (2024)
• Kamatchi Street: Rs 1,300 per sq.ft (2024)
• Kamarajar Street: Rs 2,100 per sq.ft (2024)
• Kakkan Street: Rs 1,300 per sq.ft (2024)
• Jeevanandam Street: Rs 1,300 per sq.ft (2024)
• Jeeva Avenue: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kanni Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanni Koil Street?

Kanni Koil Street is covered by the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Arasankalani. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during transactions.

When a property is sold, the guideline value helps establish a baseline for the sale price. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kanni Koil Street?

The current guideline value of Kanni Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a total increase of 100% over this period.

What is the land classification for Kanni Koil Street?

Kanni Koil Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value. It is advisable to use a calculator for accurate fee estimation.