Guideline Value for KANNIYAMMAN KOVIL STREET

Kanniyamman Kovil Street guideline value

The current guideline value of Kanniyamman Kovil Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur - A village, under the jurisdiction of the Cheyyur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kanniyamman Kovil Street has changed

Over the years, the guideline value for Kanniyamman Kovil Street has seen several revisions. In the 2017 revision, the value was set at Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the value at Rs 350 per sq.ft. With the 2024 revision, the guideline value continued to hold steady at Rs 350 per sq.ft, reflecting a 50% increase from the 2017 revision.

It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012. The consistency in the guideline value from 2023 to 2024 indicates no change, while the overall increase from 2017 to 2024 stands at 50%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, placing Kanniyamman Kovil Street above this median.

• Kudiyanavar Veethi: Rs 400 per sq.ft (2024)
• Magaliamman Koil Street: Rs 102 per sq.ft (2024)
• Manivannan Nagar: Rs 300 per sq.ft (2024)
• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kanniyamman Kovil Street?

The Sub Registrar Office that covers Kanniyamman Kovil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kanniyamman Kovil Street?

The current guideline value of Kanniyamman Kovil Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023 and 2024, reflecting a 50% increase overall. There were no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Kanniyamman Kovil Street?

The land classification for Kanniyamman Kovil Street is Residential Special Type - III. This classification is important for understanding the type of development permitted in the area.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Kanniyamman Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 3,50,000 would incur a stamp duty of Rs 24,500 at 7% and a registration fee of Rs 7,000 at 2%, totaling Rs 31,500.