Guideline Value for KANNIYAPPAN NAGAR EXTENTION

Kanniyappan Nagar Extention guideline value

The current guideline value of Kanniyappan Nagar Extention is Rs 1,493 per sq.ft as per the 2023 revision. This area is located in Polacheri village and falls under the Gooduvancheri SRO. The land classification for this region is Mixed Type - II.

How the guideline value of Kanniyappan Nagar Extention has changed

In the 2017 revision, the guideline value was Rs 1,000 per sq.ft. The most recent revision in 2023 saw an increase to Rs 1,493 per sq.ft, marking a change of +49% from the previous figure. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

Thus, the guideline value has seen a significant increase from the 2017 figure to the 2023 figure, reflecting the changes in the valuation over time.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Kanniyappan Nagar Extention is part of the broader Polacheri area, which is under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kanniyappan Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would amount to Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total to Rs 1,34,370. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanniyappan Nagar Extention?

The Sub Registrar Office that covers Kanniyappan Nagar Extention is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Polacheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the authorities have a standard valuation for properties in the area.

When buying or selling property, the guideline value helps determine the official value of the property for legal and financial purposes. This value is used to assess the fees applicable during the registration process, ensuring transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Kanniyappan Nagar Extention?

The current guideline value of Kanniyappan Nagar Extention is Rs 1,493 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,493 per sq.ft, which is a change of +49%.

Are there any guideline values available for the years 2002 to 2012?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Kanniyappan Nagar Extention.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 14,93,000, the stamp duty would be Rs 1,04,510 and the registration fee would be Rs 29,860, totaling Rs 1,34,370.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.