Guideline Value for Kannabiran Koil Street

Kannabiran Koil Street guideline value

The current guideline value of Kannabiran Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannabiran Koil Street has changed

The guideline value for Kannabiran Koil Street has undergone several revisions over the years. In 2003, the value was set at Rs 156 per sq.ft. This figure saw a significant increase to Rs 600 per sq.ft in 2007, marking a rise of approximately 285%. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a substantial increase of 317%. However, it dropped to Rs 1,675 per sq.ft in 2017, which was a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 2,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value in this area is Rs 3,300 per sq.ft, placing the 2024 value of Kannabiran Koil Street below this median.

• Kannabiran Koil 1st Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Street: Rs 2,750 per sq.ft (2024)
• Kannadasan Street, Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)
• Kambar Street: Rs 2,750 per sq.ft (2024)
• KamatChi Nagar: Rs 4,400 per sq.ft (2024)
• Kannan Nagar: Rs 3,300 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 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. 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 information.

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, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kannabiran Koil Street?

The current guideline value of Kannabiran Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 156 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1663% over the years.

What is the land classification of Kannabiran Koil Street?

Kannabiran Koil Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kannabiran Koil Street?

The Sub Registrar Office for Kannabiran Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.