Guideline Value for Kanagambal Nagar

Kanagambal Nagar guideline value

The current guideline value of Kanagambal Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Kanagambal Nagar has changed

The guideline value for Kanagambal Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which represents a 38% increase from the 2012 figure. There are no figures available for the years 2002, 2003, 2017, and 2023.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. This reflects the changes in the valuation of the property in Kanagambal Nagar over the years.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 365 to Rs 1,792 per sq.ft. The median value for these streets is Rs 440 per sq.ft, and Kanagambal Nagar's 2024 figure of Rs 550 per sq.ft is above this median.

• Kanagambal Nagar: Rs 550 per sq.ft (2024)
• Kanniamman Nagar Annex Part-I: Rs 770 per sq.ft (2024)
• Kamarajar Nagar: Rs 440 per sq.ft (2024)
• Kalikambal Nagar Phase - II: Rs 440 per sq.ft (2024)
• Kalaignar Nagar (S.No.260): Rs 440 per sq.ft (2024)
• Kalaignar Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanagambal Nagar?

Kanagambal Nagar falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vilangadupakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Kanagambal Nagar?

The current guideline value of Kanagambal Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting a total increase of 175% over the years.

What are the stamp duty and registration fees for properties in Kanagambal Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Kanagambal Nagar?

Kanagambal Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Kanagambal Nagar?

Kanagambal Nagar is classified as Residential Class II Type - I, indicating its designated use for residential purposes.