Guideline Value for Kanabiran Koil Street

Kanabiran Koil Street guideline value

The current guideline value of Kanabiran Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kovur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Kanabiran Koil Street has changed

The guideline value for Kanabiran Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value significantly increased to Rs 1,500 per sq.ft in 2023, and then further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value saw a substantial increase of 49%. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovur

Kovur village features a total of 91 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. Kanabiran Koil Street's 2024 guideline value of Rs 1,650 per sq.ft is equal to the median value for the area.

• Kanniappan Garden: Rs 1,430 per sq.ft (2024)
• Kalyani Nagar: Rs 2,630 per sq.ft (2024)
• Kalyani Avenue: Rs 1,430 per sq.ft (2024)
• Kilaku Madaveethi Street: Rs 1,320 per sq.ft (2024)
• K.N.B. Nagar: Rs 1,430 per sq.ft (2024)
• Krishna Street (Suresh Nagar): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kanabiran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kanabiran Koil Street?

The Sub Registrar Office covering Kanabiran Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kovur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the property transaction.

Frequently asked questions

What is the current guideline value of Kanabiran Koil Street?

The current guideline value of Kanabiran Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The value also increased significantly from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification of Kanabiran Koil Street?

Kanabiran Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Kanabiran Koil Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Kanabiran Koil Street?

The Kunrathur Sub Registrar Office handles property registrations for Kanabiran Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.