Guideline Value for Kammankinaru Street

Kammankinaru Street guideline value

The current guideline value of Kammankinaru Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kammankinaru Street has changed

The guideline value for Kammankinaru Street has seen several revisions over the years. In 2002, the value was Rs 183 per sq.ft, which increased to Rs 199 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 700 per sq.ft in 2007, a change of +252%. Following this, in 2012, the value was recorded at Rs 3,500 per sq.ft, reflecting an increase of +400% from the previous revision. However, from 2012 to 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of -33%. The value then increased to Rs 3,500 per sq.ft in 2023, and finally, the current revision in 2024 set the value at Rs 3,800 per sq.ft, which is an increase of +9% from the previous year.

There are no figures available for the revisions of the years not mentioned in the provided data. Overall, from 2002 to 2024, the guideline value has increased by +1977%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, which matches the current value of Kammankinaru Street.

• Kambar Street: Rs 6,000 per sq.ft (2024)
• Kambar Nagar Extension & Street: Rs 6,000 per sq.ft (2024)
• Kambar Nagar and the Streets & Cross Street: Rs 6,000 per sq.ft (2024)
• Kamaraj Nagar and Ist Street and 2nd Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Nagar: Rs 3,800 per sq.ft (2024)
• Karnan Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kammankinaru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kammankinaru Street?

The Sub Registrar Office that covers Kammankinaru Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Konnur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from the transaction. This value is essential for maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kammankinaru Street?

The current guideline value of Kammankinaru Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 183 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing an overall increase of +1977% over the years.

What is the land classification for Kammankinaru Street?

Kammankinaru Street is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Kammankinaru Street?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Kammankinaru Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.