Guideline Value for KANNIYAMMAN PETTAI

Kanniyamman Pettai guideline value

The current guideline value of Kanniyamman Pettai is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is part of Kadappakkam village and falls under the Thiruvottiyur SRO. The land classification is Residential Class I Type - II.

How the guideline value of Kanniyamman Pettai has changed

The guideline value for Kanniyamman Pettai has seen several revisions over the years. Starting from Rs 20 per sq.ft in 2002, it increased to Rs 22 per sq.ft in 2003. The value then rose significantly to Rs 100 per sq.ft in 2007, followed by an increase to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The next revision in 2023 saw the value rise to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,002 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2002 to 2003, followed by a substantial rise of 355% from 2003 to 2007. The value then increased by 500% from 2007 to 2012, but saw a decrease of 33% from 2012 to 2017. After that, it surged by 149% from 2017 to 2023, and remained stable at Rs 1,002 per sq.ft from 2023 to 2024. Overall, the guideline value has increased by 4,910% from 2002 to 2024.

Guideline values in Kadappakkam

Kadappakkam village has 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with the median being Rs 1,002 per sq.ft. The guideline value of Kanniyamman Pettai is equal to this median.

• Kamarajpuram: Rs 1,002 per sq.ft (2024)
• K.G.L. Nagar: Rs 1,002 per sq.ft (2024)
• Madras Redhills Road: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• Muthu Complex: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyamman Pettai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total charges Rs 90,180. 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 details.

Which Sub Registrar Office covers Kanniyamman Pettai?

The Sub Registrar Office that covers Kanniyamman Pettai is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kadappakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the property is not undervalued during the transaction.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kanniyamman Pettai?

The current guideline value of Kanniyamman Pettai is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, showing an overall increase of 4,910% over this period.

What is the land classification for Kanniyamman Pettai?

Kanniyamman Pettai is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Kanniyamman Pettai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at 7%.