Guideline Value for KANNIGAPURAM MAIN ROAD

Kannigapuram Main Road guideline value

The current guideline value of Kannigapuram Main Road is Rs 825 per sq.ft, effective from 1 July 2024. This road is located in Tiruttani village under the Thiruttani SRO and is classified as Residential Class III Type - I.

How the guideline value of Kannigapuram Main Road has changed

The guideline value for Kannigapuram Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 825 per sq.ft, marking a 10% increase from the previous year. The overall change from the 2017 revision to the 2024 revision is an increase of 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions reflect the evolving landscape of property values in the area.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Kannigapuram Main Road aligns with this median.

• Kaooapuriamman Nagar: Rs 825 per sq.ft (2024)
• Kari Medu: Rs 770 per sq.ft (2024)
• Kandaswamy Street: Rs 1,100 per sq.ft (2024)
• Kandappan Naicken Street: Rs 988 per sq.ft (2024)
• Kandan Nagar: Rs 1,099 per sq.ft (2024)
• Karunanidhi Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Kannigapuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannigapuram Main Road?

The Kannigapuram Main Road falls under the jurisdiction of the Thiruttani Sub Registrar Office. The office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tiruttani. It serves as the basis for calculating the stamp duty and registration fees that are required during the sale or purchase of a property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately and legally. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kannigapuram Main Road?

The current guideline value of Kannigapuram Main Road is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles registrations for Kannigapuram Main Road?

The Thiruttani Sub Registrar Office handles registrations for Kannigapuram Main Road, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately and reflects the current market conditions.