Guideline Value for Kanagammal Street

Kanagammal Street guideline value

The current guideline value of Kanagammal Street in Nanganallur village, under the Alandur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Kanagammal Street has changed

Since the 2002 revision, the guideline value for Kanagammal Street has seen significant changes. The 2002 revision set the value at Rs 329 per sq.ft, which increased to Rs 374 per sq.ft in 2003. The 2007 revision raised it to Rs 1,200 per sq.ft, followed by a substantial jump to Rs 3,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 3,000 per sq.ft, and the latest 2024 revision has set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 903%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value is Rs 3,900 per sq.ft, placing Kanagammal Street's 2024 figure below this median.

• Kanagammal Colony: Rs 4,400 per sq.ft (2024)
• Kannaiya Street: Rs 3,300 per sq.ft (2024)
• Kadhar Thottam: Rs 3,300 per sq.ft (2024)
• Joseph Street First Street: Rs 4,400 per sq.ft (2024)
• Joseph 2nd Street: Rs 4,400 per sq.ft (2024)
• Joseph 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagammal 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, bringing the total to Rs 2,97,000. 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 Street?

The Sub Registrar Office covering Kanagammal Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nanganallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transfer process.

When purchasing or selling property, the guideline value is used to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kanagammal Street?

The current guideline value of Kanagammal 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 329 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 903% over this period.

What is the land classification of Kanagammal Street?

Kanagammal Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Kanagammal Street?

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.

Where can I find the Sub Registrar Office for Kanagammal Street?

The Sub Registrar Office for Kanagammal Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.