Guideline Value for Kanagammal Nagar

Kanagammal Nagar guideline value

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

How the guideline value of Kanagammal Nagar has changed

The guideline value for Kanagammal Nagar has experienced several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in the 2012 revision, marking a 100% increase. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is a 38% increase from 2012. Overall, from 2007 to 2024, the guideline value has risen by 175%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam village, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Kanagammal Nagar 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 Kanagammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the 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, totaling Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanagammal Nagar?

Kanagammal Nagar is covered by the Redhills Sub Registrar Office, located at 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 critical factor in the registration process when buying or selling property in Vilangadupakkam. 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 registered, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kanagammal Nagar?

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

How much has the guideline value changed over the years?

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

What is the land classification for Kanagammal Nagar?

Kanagammal Nagar is classified as Residential Class II Type - I.

Where can I find the registration office for Kanagammal Nagar?

The registration office for Kanagammal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Kanagammal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur a total stamp duty and registration fee of Rs 49,500.