Guideline Value for KANNIKOIL STREET

Kannikoil Street guideline value

The current guideline value of Kannikoil Street in Thiruninravur-A village, under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - III land classification.

How the guideline value of Kannikoil Street has changed

The guideline value for Kannikoil Street has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Kannikoil Street's 2024 figure is below this median.

• Kanniyamman Koil St: Rs 440 per sq.ft (2024)
• Kannan Kulam: Rs 750 per sq.ft (2024)
• Karpagavinayagar Nagar: Rs 750 per sq.ft (2024)
• Kashiya Brindhavan Nagar: Rs 750 per sq.ft (2024)
• Kavarapalayam Main Road: Rs 1,400 per sq.ft (2024)
• Kavarapalayam & Streets: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kannikoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is essential 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 details.

Which Sub Registrar Office covers Kannikoil Street?

The Sub Registrar Office covering Kannikoil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate applicable taxes, and it is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannikoil Street?

The current guideline value of Kannikoil Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the other streets with similar guideline values in Thiruninravur-A?

Other streets in Thiruninravur-A include Kanniyamman Koil St at Rs 440 per sq.ft, and several others at Rs 750 per sq.ft, with Kavarapalayam Main Road and Kavarapalayam & Streets at Rs 1,400 per sq.ft.

What are the stamp duty and registration fees for property in Kannikoil Street?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Kannikoil Street?

The Avadi Sub Registrar Office covers Kannikoil Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.