Guideline Value for KANNIAMAN NAGAR - Kambar Street

KANNIAMAN NAGAR - Kambar Street guideline value

The current guideline value for KANNIAMAN NAGAR - Kambar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of KANNIAMAN NAGAR - Kambar Street has changed

Over the years, the guideline value for KANNIAMAN NAGAR - Kambar Street has seen significant changes. In 2002, the value was Rs 150 per sq.ft, which increased to Rs 166 per sq.ft in 2003. Following this, the value rose to Rs 350 per sq.ft in 2007, and then saw a substantial increase to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as per the 2024 revision. The overall change from 2002 to 2024 is an increase of 1367%.

Examining the changes between revisions, the increase from 2017 to 2023 was 49%, while the drop from 2012 to 2017 was 33%. The rise from 2007 to 2012 was 471%, and from 2003 to 2007, it was 111%. Additionally, the increase from 2002 to 2003 was 11%. The latest revision from 2023 to 2024 reflects a 10% increase.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of KANNIAMAN NAGAR - Kambar Street.

• KANNIAMAN NAGAR - Kannadasan Street: Rs 2,200 per sq.ft (2024)
• KANNIAMAN NAGAR - Siva Sakthi Street: Rs 2,200 per sq.ft (2024)
• KANNIAMAN NAGAR - Vallalar Street: Rs 2,200 per sq.ft (2024)
• KANNIAMAN NAGAR - Varasidhi Vinayagar Street: Rs 2,200 per sq.ft (2024)
• KANNIAMAN NAGAR - Veeramamunivar Street: Rs 2,200 per sq.ft (2024)
• Karuneegar Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in KANNIAMAN NAGAR - Kambar 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, making the total charges Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KANNIAMAN NAGAR - Kambar Street?

The KANNIAMAN NAGAR - Kambar Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Nerkundram. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Knowing the guideline value helps in understanding the financial implications during the registration process.

Frequently asked questions

What is the current guideline value for KANNIAMAN NAGAR - Kambar Street?

The current guideline value for KANNIAMAN NAGAR - Kambar Street is Rs 2,200 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 150 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1367% over the years.

What is the land classification for KANNIAMAN NAGAR - Kambar Street?

The land classification for KANNIAMAN NAGAR - Kambar Street is Residential Class IV Type - I.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property in KANNIAMAN NAGAR - Kambar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 1,54,000.