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Guideline Value

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Guideline Value for KANNIYAMMAN NAGAR 7TH STREET

₹1660/sq.ft.

The guideline value for Kanniyamman Nagar 7th 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 7th Street

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Kanniyamman Nagar 7th Street guideline value

The current guideline value of Kanniyamman Nagar 7th 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 7th Street has changed

The guideline value for Kanniyamman Nagar 7th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,500 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 1,005 per sq.ft. However, in 2023, the guideline value increased significantly to Rs 1,500 per sq.ft, followed by another increase to Rs 1,660 per sq.ft in 2024.

From 2012 to 2017, the guideline value decreased by 33%. Then, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,660 per sq.ft, placing Kanniyamman Nagar 7th Street at this median value for 2024.

Stamp duty and registration fee for property in Kanniyamman Nagar 7th 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 to Rs 1,49,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanniyamman Nagar 7th Street?

The Kanniyamman Nagar 7th Street falls under 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Vanagaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable. This ensures that the property is registered at a value that reflects the current market standards set by the authorities.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in planning finances and understanding the legal obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kanniyamman Nagar 7th Street?

The current guideline value of Kanniyamman Nagar 7th 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the land classification for Kanniyamman Nagar 7th Street?

The land classification for Kanniyamman Nagar 7th Street is Residential Class III Type - I.

Where can I find the registration office for Kanniyamman Nagar 7th Street?

The registration office for Kanniyamman Nagar 7th 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.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,60,000, the stamp duty at 7% would amount to Rs 1,16,200.