Guideline Value for Kanakadass Street

Kanakadass Street guideline value

The current guideline value of Kanakadass Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Kanakadass Street has changed

The guideline value of Kanakadass Street has seen significant changes over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 178 per sq.ft in 2003. Following this, the value rose to Rs 260 per sq.ft in 2007, marking a 46% increase from the previous year. The 2017 revision saw a substantial jump to Rs 1,072 per sq.ft, reflecting a 312% increase from 2007. By 2023, the value reached Rs 1,600 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, a 10% increase from 2023. The register has no figure for this street in 2012.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median value for these streets is Rs 2,090 per sq.ft, which means Kanakadass Street's 2024 figure is below that median.

• Kanakadass Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Kanchi Munuswamy Street VOC Nagar: Rs 2,750 per sq.ft (2024)
• Kandaswami Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Kambar Street (V.O.C. Nagar): Rs 2,750 per sq.ft (2024)
• Kambar Street ( Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Kannadasan Street (Easwar Nagar): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kanakadass Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fees would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanakadass Street?

The Sub Registrar Office that covers Kanakadass Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Pammal, the guideline value plays a crucial role in determining the stamp duty and registration fees. These 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 in the area.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kanakadass Street?

The current guideline value of Kanakadass Street is Rs 1,760 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 157 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 1021% over the years.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Kanakadass Street, Gandhi Nagar Extn at Rs 2,475 per sq.ft, Kanchi Munuswamy Street VOC Nagar at Rs 2,750 per sq.ft, and Kandaswami Street / Ganapathy Nagar at Rs 1,760 per sq.ft, among others.

What is the stamp duty rate in Pammal?

The stamp duty rate in Pammal is 7% of the guideline value or the sale price, whichever is higher. This is an important cost to consider when buying property.

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

The Sub Registrar Office for Kanakadass Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.