Guideline Value for KANNIAPPAN NAGAR

Kanniappan Nagar guideline value

The current guideline value of Kanniappan Nagar is Rs 1,200 per sq.ft. This area is located in Polacheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Kanniappan Nagar has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure was revised to Rs 1,200 per sq.ft in 2023, marking an increase of 49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Kanniappan Nagar. Thus, the only available revisions are from 2017 and 2023.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Kanniappan Nagar is one of the streets under the Gooduvancheri SRO.

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Stamp duty and registration fee for property in Kanniappan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kanniappan Nagar?

The Kanniappan Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Polacheri. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kanniappan Nagar?

The current guideline value of Kanniappan Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, which is a change of 49%.

Are there any guideline values for Kanniappan Nagar in previous years?

There are no guideline values available for Kanniappan Nagar for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for property in Kanniappan Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.