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Guideline Value

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Guideline Value for KANNIYAMMAN NAGAR 2ND STREET

₹1660/sq.ft.

The guideline value for Kanniyamman Nagar 2nd Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanniyamman Nagar 2nd Street

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Kanniyamman Nagar 2nd Street guideline value

The current guideline value of Kanniyamman Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kanniyamman Nagar 2nd Street has changed

The guideline value for Kanniyamman Nagar 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,660 per sq.ft, an increase from the 2023 revision of Rs 1,500 per sq.ft, reflecting an 11% rise. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a substantial increase of 49% from the previous 2023 figure. The 2012 revision also reported a value of Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no recorded guideline values for Kanniyamman Nagar 2nd Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, which is equal to the guideline value of Kanniyamman Nagar 2nd Street.

Stamp duty and registration fee for property in Kanniyamman Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total cost for these fees to Rs 1,49,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kanniyamman Nagar 2nd Street?

The Sub Registrar Office that covers Kanniyamman Nagar 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vanagaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and compliance with legal requirements. Buyers and sellers should be aware of the current guideline value to ensure that they are not overpaying or undervaluing the property during the registration process.

Frequently asked questions

What is the current guideline value of Kanniyamman Nagar 2nd Street?

The current guideline value of Kanniyamman Nagar 2nd Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,660 per sq.ft in 2024, an increase from Rs 1,500 per sq.ft in 2023. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Kanniyamman Nagar 2nd Street?

The land classification for Kanniyamman Nagar 2nd Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Kanniyamman Nagar 2nd Street?

The Sub Registrar Office for Kanniyamman Nagar 2nd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Kanniyamman Nagar 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,60,000 would incur a stamp duty of Rs 1,16,200.