Guideline Value for KANSANBAI NAGAR

Kansanbai Nagar guideline value

The current guideline value of Kansanbai Nagar is Rs 502 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village under the Manavalanagar SRO, classified as Residential Special Type - I.

How the guideline value of Kansanbai Nagar has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained the same in the 2023 revision. However, from 2017, the value increased significantly to Rs 335 per sq.ft, marking a 49% increase by 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

As of the 2024 revision, the guideline value is Rs 502 per sq.ft, reflecting no change from the 2023 figure. Overall, comparing the 2012 to 2024 revisions, the guideline value has remained unchanged at Rs 500 per sq.ft.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft, with a median of Rs 250 per sq.ft. Kansanbai Nagar's guideline value is above this median.

• Kasthuri Bai Nagar: Rs 502 per sq.ft (2024)
• Kalavathi Nagar: Rs 200 per sq.ft (2024)
• Gokul Garden: Rs 502 per sq.ft (2024)
• Maruthi Avenue: Rs 250 per sq.ft (2024)
• Ganesh Ram Nagar: Rs 226 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kansanbai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 502 per sq.ft, the guideline value amounts to Rs 5,02,000. The stamp duty at 7% would be Rs 35,140, and the registration fee at 2% would be Rs 10,040, totaling Rs 45,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kansanbai Nagar?

The Sub Registrar Office that covers Kansanbai Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor in property transactions in Kizhnallathur & Melnallathur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kansanbai Nagar?

The current guideline value of Kansanbai Nagar is Rs 502 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 500 in 2012 to Rs 335 in 2017, then back to Rs 500 in 2023, and finally to Rs 502 in 2024.

What is the land classification for Kansanbai Nagar?

Kansanbai Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Kansanbai Nagar?

The Sub Registrar Office for Kansanbai Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Kansanbai Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.