Guideline Value for Kannabiran Koil Street

Kannabiran Koil Street guideline value

The current guideline value of Kannabiran Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kannabiran Koil Street has changed

Over the years, the guideline value of Kannabiran Koil Street has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 275%. However, between 2012 and 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The 2017 revision then brought the value up to Rs 1,500 per sq.ft in 2023, a substantial increase of 49%. Finally, the current 2024 revision has set the value at Rs 1,650 per sq.ft, showing a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. Kannabiran Koil Street's 2024 figure is below that median.

• Kannagi Street: Rs 1,650 per sq.ft (2024)
• Kambar Street: Rs 1,650 per sq.ft (2024)
• Kannammal Nagar: Rs 3,300 per sq.ft (2024)
• Kannammal Street: Rs 2,970 per sq.ft (2024)
• Karpagambal Street: Rs 2,380 per sq.ft (2024)
• Kamakodi Street: Rs 2,920 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. 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 accurate estimates.

Which Sub Registrar Office covers Kannabiran Koil Street?

The Sub Registrar Office that covers Kannabiran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Hastinapuram. It is the value set by the government for the purpose of calculating stamp duty and registration fees. Buyers and sellers must consider this value, as it directly affects the costs involved in property transactions.

When a property is registered, the guideline value is compared to the sale price. The stamp duty and registration fees are then calculated based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannabiran Koil Street?

The current guideline value of Kannabiran Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313%.

What is the land classification for Kannabiran Koil Street?

Kannabiran Koil Street is classified as Residential Class III Type - I under the Pallavaram SRO.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Where is the Sub Registrar Office for Kannabiran Koil Street located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.