Guideline Value for KANNI STREET (GRAMA NEDUNCHALAI 34TH CROSS STREET)

Kanni Street (Grama Nedunchalai 34th Cross Street) guideline value

The current guideline value for Kanni Street (Grama Nedunchalai 34th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Kanni Street (Grama Nedunchalai 34th Cross Street) has changed

The guideline value for Kanni Street was revised in 2017 to Rs 1,340 per sq.ft. Following this, the 2024 revision set the guideline value at Rs 2,200 per sq.ft, marking an increase of 64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village under the Neelankarai SRO, there are 754 streets with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Kanni Street.

• Kanni Lane: Rs 1,700 per sq.ft (2024)
• Karunanidhi Street & Salai: Rs 3,300 per sq.ft (2024)
• Kathari Mohideen Thottam: Rs 1,700 per sq.ft (2024)
• Kamarajar Street: Rs 2,800 per sq.ft (2024)
• Kamarajar Cross Street: Rs 2,800 per sq.ft (2024)
• Kamala Nagar Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanni Street (Grama Nedunchalai 34th Cross Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanni Street (Grama Nedunchalai 34th Cross Street)?

The Kanni Street (Grama Nedunchalai 34th Cross Street) is covered by 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 further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It helps determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and fair for both buyers and sellers.

Frequently asked questions

What is the current guideline value for Kanni Street?

The current guideline value for Kanni Street (Grama Nedunchalai 34th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, moving from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024.

Are there any years with no guideline value for Kanni Street?

Yes, the register has no figures for Kanni Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Kanni Street?

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

How is stamp duty calculated for properties in Kanni Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.