Guideline Value for Kanagam Road
₹3900/sq.ft.
The guideline value for Kanagam Road in Kanagam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Kanagam
Village
Adayar
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3900 /sq.ft. |
| From 1-4-2023 | ₹3500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2345 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹1200 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹500 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹165 /sq.ft. |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]
DRO (District Registrar Office)
Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]
DIG (Deputy Inspector General)
Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanagam Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Adayar sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Kanagam Road guideline value
The current guideline value of Kanagam Road in Kanagam village, under the Adayar SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.
How the guideline value of Kanagam Road has changed
The guideline value of Kanagam Road has seen significant changes over the years. The earliest recorded value in 2002 was Rs 165 per sq.ft. This figure increased to Rs 500 per sq.ft in 2003, marking a change of +203%. The value continued to rise, reaching Rs 1,200 per sq.ft in 2007, which was a +140% increase. By 2012, the value had jumped to Rs 3,500 per sq.ft, reflecting a substantial +192% change. However, in 2017, it dropped to Rs 2,345 per sq.ft, a decrease of -33%. The value then increased again to Rs 3,500 per sq.ft in 2023, showing a +49% change. Finally, the current guideline value of Rs 3,900 per sq.ft in 2024 represents an increase of +11% from the previous year.
Overall, from 2002 to 2024, the guideline value has increased by +2264%. There are no recorded figures for the years not mentioned in the revisions.
Guideline values in Kanagam
- Kattabomman Street: Rs 2,800 per sq.ft (2024)
- Lal Bahadur Street: Rs 2,800 per sq.ft (2024)
- Gandhi Street: Rs 2,800 per sq.ft (2024)
- Dr.Ambethkar Street: Rs 2,800 per sq.ft (2024)
- Canal Bank Road O.M.R from Madhya Kailash: Rs 13,800 per sq.ft (2024)
- Nehru Street: Rs 3,900 per sq.ft (2024)
Stamp duty and registration fee for property in Kanagam Road
For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.
You can also use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Kanagam Road?
The Sub Registrar Office that covers Kanagam Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Kanagam
The guideline value is a crucial factor in the registration process when buying or selling property in Kanagam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction.
When a property is registered, the guideline value is considered to ensure that the fees are calculated fairly based on the property's value. This helps maintain transparency in property transactions within the region.
Frequently asked questions
What is the current guideline value of Kanagam Road?
The current guideline value of Kanagam Road is Rs 3,900 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 165 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of +2264%.
What is the land classification for Kanagam Road?
Kanagam Road is classified as Residential Class I Type - I, which indicates its suitability for residential development.
What are the stamp duty rates for property in Kanagam Road?
The stamp duty for property transactions in Kanagam Road is charged at 7% of the guideline value or sale price, whichever is higher.
Where is the Adayar Sub Registrar Office located?
The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.
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