Guideline Value for KANNIAMMAN KOIL STREET (WARD -18)

Kanniamman Koil Street (Ward -18) guideline value

The current guideline value of Kanniamman Koil Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Kanniamman Koil Street (Ward -18) has changed

The guideline value for Kanniamman Koil Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The value then increased significantly to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing the 2024 figure for Kanniamman Koil Street below this median.

• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,321 per sq.ft (2024)
• Kannaki Street (N): Rs 1,321 per sq.ft (2024)
• Kannagi Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Koil Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kanniamman Koil Street (Ward -18)?

The Sub Registrar Office that covers Kanniamman Koil Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Ninna Karai. It serves as a benchmark for the value of the property and is used to calculate the applicable fees during the registration process.

When you register a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value for Kanniamman Koil Street (Ward -18)?

The current guideline value for Kanniamman Koil Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the classification of Kanniamman Koil Street?

Kanniamman Koil Street is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.