Guideline Value for Kanagalingeswarar Koil North Street

Kanagalingeswarar Koil North Street guideline value

The current guideline value of Kanagalingeswarar Koil North Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kanagalingeswarar Koil North Street has changed

The guideline value for Kanagalingeswarar Koil North Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 131%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Notably, the register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 154%, demonstrating significant changes over the years.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, positioning Kanagalingeswarar Koil North Street's 2024 figure below this median.

• Kanagasabai Colony: Rs 3,300 per sq.ft (2024)
• Kambar Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Salai: Rs 3,300 per sq.ft (2024)
• Kali Amman Koil Street: Rs 7,700 per sq.ft (2024)
• kathiravan Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagalingeswarar Koil North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kanagalingeswarar Koil North Street?

The Sub Registrar Office that covers Kanagalingeswarar Koil North Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately, and the appropriate taxes are levied. This helps maintain transparency in property dealings and ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kanagalingeswarar Koil North Street?

The current guideline value of Kanagalingeswarar Koil North Street is Rs 3,300 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 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 154% over the years.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers Kanagalingeswarar Koil North Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kanagalingeswarar Koil North Street?

The land classification for Kanagalingeswarar Koil North Street is Residential Class I Type - III.