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Guideline Value

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Guideline Value for KANNIAPPA NAGAR /KANNAPPA NAGAR

₹330/sq.ft.

The guideline value for Kanniappa Nagar /kannappa Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹36 /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 Kanniappa Nagar /kannappa Nagar

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Kanniappa Nagar /Kannappa Nagar guideline value

The current guideline value of Kanniappa Nagar /Kannappa Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Kanniappa Nagar /Kannappa Nagar has changed

The guideline value for Kanniappa Nagar /Kannappa Nagar has undergone several revisions over the years. In 2003, the value was Rs 36 per sq.ft, which increased to Rs 50 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 300 per sq.ft, but it then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, and finally, it reached Rs 330 per sq.ft in the 2024 revision, marking an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 817%. The register does not have a figure for Kanniappa Nagar /Kannappa Nagar in 2002.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft, with the median being Rs 330 per sq.ft. Kanniappa Nagar /Kannappa Nagar's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Kanniappa Nagar /Kannappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that 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 Kanniappa Nagar /Kannappa Nagar?

The Sub Registrar Office that covers Kanniappa Nagar /Kannappa Nagar 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 Nanthiambakkam

The guideline value is a critical factor in the registration process of property transactions in Nanthiambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kanniappa Nagar /Kannappa Nagar?

The current guideline value of Kanniappa Nagar /Kannappa Nagar is Rs 330 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 36 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 817% over the years.

What is the land classification for Kanniappa Nagar /Kannappa Nagar?

Kanniappa Nagar /Kannappa Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600.