Guideline Value for Kanagasabai Colony

Kanagasabai Colony guideline value

The current guideline value of Kanagasabai Colony, located in Koyakbedu village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Kanagasabai Colony has changed

Over the years, the guideline value of Kanagasabai Colony has seen several revisions. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. In 2017, this value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 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 in this area is Rs 4,400 per sq.ft, placing Kanagasabai Colony's 2024 figure below this median.

• Kanagalingeswarar Koil North Street: 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 Kanagasabai Colony

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, resulting in a total of Rs 2,97,000. Please 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 Kanagasabai Colony?

The Kanagasabai Colony is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is essential during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kanagasabai Colony?

The current guideline value of Kanagasabai Colony 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 from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Kanagasabai Colony?

Kanagasabai Colony is classified as Residential Class I Type - III, indicating its use for residential purposes.

Where can I find the registration office for Kanagasabai Colony?

The registration office for Kanagasabai Colony is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.