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Guideline Value

Corporate

Guideline Value for Kannabiran Street Cross Road

₹1760/sq.ft.

The guideline value for Kannabiran Street Cross Road in Noombal village (Kunrathur SRO, Chennai zone) is Rs 1760 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Noombal

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1760 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannabiran Street Cross Road

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Kannabiran Street Cross Road guideline value

The current guideline value of Kannabiran Street Cross Road is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Noombal village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kannabiran Street Cross Road has changed

The guideline value for Kannabiran Street Cross Road has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value in this village is Rs 2,090 per sq.ft, indicating that the 2024 figure for Kannabiran Street Cross Road is below the median.

Stamp duty and registration fee for property in Kannabiran Street Cross Road

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, charged at 7%, would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannabiran Street Cross Road?

The Sub Registrar Office that covers Kannabiran Street Cross Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Kannabiran Street Cross Road?

The current guideline value of Kannabiran Street Cross Road 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 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

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

Other streets in Noombal include Kamatchi Nagar and Jay Nagar, both at Rs 1,760 per sq.ft, Kaveri Nagar at Rs 1,100 per sq.ft, Kendiraya Vihar at Rs 4,290 per sq.ft, and Krishna Nagar at Rs 2,090 per sq.ft.

What is the stamp duty rate for properties in Kannabiran Street Cross Road?

The stamp duty for properties in Kannabiran Street Cross Road is charged at 7% of the higher of the guideline value or the sale price. Additionally, a registration fee of 2% is applicable.

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

The Sub Registrar Office for Kannabiran Street Cross Road is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about it through the provided link.