Guideline Value for KENNADY ST, KAKKANJI NAGAR

Kennady St, Kakkanji Nagar guideline value

The current guideline value of Kennady St, Kakkanji Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. It is classified as Residential Class II Type - II.

How the guideline value of Kennady St, Kakkanji Nagar has changed

Over the years, the guideline value of Kennady St, Kakkanji Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision recorded a lower value of Rs 536 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 800 per sq.ft.

The current revision in 2024 maintains the guideline value at Rs 800 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. The guideline value for Kennady St, Kakkanji Nagar is below this median.

• Kavarai Palayam: Rs 800 per sq.ft (2024)
• K.M.Babu St (Charless Nagar): Rs 1,300 per sq.ft (2024)
• Kovalan St, Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Kulakkarai St, Railway Northern Side: Rs 988 per sq.ft (2024)
• Kumaran Nagar: Rs 988 per sq.ft (2024)
• Kannagi Street, Kakkanji Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kennady St, Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 Kennady St, Kakkanji Nagar?

The Sub Registrar Office that covers Kennady St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It determines the amount of stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value is assessed to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kennady St, Kakkanji Nagar?

The current guideline value of Kennady St, Kakkanji Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2012, with a decrease to Rs 536 per sq.ft in 2017, followed by a return to Rs 800 per sq.ft in 2023 and 2024.

What is the classification of land in Kennady St, Kakkanji Nagar?

Kennady St, Kakkanji Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

Where can I find the registration office for property transactions?

The registration office for Kennady St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 8,00,000 would incur a stamp duty of Rs 56,000 at the rate of 7%.