Guideline Value for KANNIKOIL STREET KATTANKOLATHUR (WARD -18)

Kannikoil Street Kattankolathur (Ward -18) guideline value

The current guideline value of Kannikoil Street Kattankolathur (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kannikoil Street Kattankolathur (Ward -18) has changed

The guideline value for Kannikoil Street Kattankolathur has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. This was a decline of 33%. However, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The most recent revision in 2024 has set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Kannikoil Street Kattankolathur for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which means that Kannikoil Street's 2024 figure is below this median.

• Karaikal Ammiyar Street (Per): Rs 1,320 per sq.ft (2024)
• Kanniamman Koil Street (Ward -18): Rs 550 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Kannaki Street (N): Rs 1,320 per sq.ft (2024)
• Kannagi Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kannikoil Street Kattankolathur (Ward -18)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kannikoil Street Kattankolathur (Ward -18)?

The Chengleput Joint II Sub Registrar Office covers Kannikoil Street Kattankolathur (Ward -18). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Kannikoil Street Kattankolathur (Ward -18)?

The current guideline value of Kannikoil Street Kattankolathur (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Kannikoil Street Kattankolathur?

The land classification for Kannikoil Street Kattankolathur is Residential Class II Type - I.

What are the other streets in Panangottur with their guideline values?

Other streets in Panangottur include Karaikal Ammiyar Street at Rs 1,320 per sq.ft, Kanniamman Koil Street at Rs 550 per sq.ft, and several others all listed with their respective rates.

Where is the Chengleput Joint II Sub Registrar Office located?

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