Guideline Value for Kani Nagar Extn

Kani Nagar Extn guideline value

The current guideline value of Kani Nagar Extn is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Manimangalam A village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kani Nagar Extn has changed

The guideline value for Kani Nagar Extn has seen several revisions over the years. The earliest revision available is from 2017, where the guideline value was Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 880 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is the same as the guideline value for Kani Nagar Extn.

• Kani Nagar: Rs 880 per sq.ft (2024)
• Kannaki Street: Rs 880 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Karuneegar Street: Rs 880 per sq.ft (2024)
• Katchery Mettu Street: Rs 880 per sq.ft (2024)
• Kalathu Mettu Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kani Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, and the registration fee at 2% would be Rs 17,600. Together, these fees total Rs 79,200. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Kani Nagar Extn?

The Sub Registrar Office that covers Kani Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find more information about your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Manimangalam A. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions adhere to the regulations set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions. The guideline value ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kani Nagar Extn?

The current guideline value of Kani Nagar Extn is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking an overall increase of 64% over the years.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Kani Nagar Extn?

The Padappai Sub Registrar Office handles registrations for Kani Nagar Extn, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Are there other streets with the same guideline value in Manimangalam A?

Yes, several other streets in Manimangalam A have the same guideline value of Rs 880 per sq.ft, including Kani Nagar, Kannaki Street, Kamarajar Street, Karuneegar Street, Katchery Mettu Street, and Kalathu Mettu Street.