Guideline Value for Kannabiran Street

Kannabiran Street guideline value

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

How the guideline value of Kannabiran Street has changed

The guideline value for Kannabiran Street has seen significant changes over the years. The 2003 revision listed the value at Rs 141 per sq.ft, which increased to Rs 1,072 per sq.ft in 2017. This marked a substantial increase of 660%. The value further rose to Rs 1,600 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which means that Kannabiran Street's 2024 figure is below this median.

• Kannabiran Street Cross Road: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,760 per sq.ft (2024)
• Kaveri Nagar: Rs 1,100 per sq.ft (2024)
• Kendiraya Vihar: Rs 4,290 per sq.ft (2024)
• Jay Nagar: Rs 1,760 per sq.ft (2024)
• Krishna Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Kannabiran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannabiran Street?

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

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

The guideline value plays a crucial role during the registration of property transactions in Noombal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on an official and standardized rate.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost involved in property transactions. This value is regularly updated, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Kannabiran Street?

The current guideline value of Kannabiran 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 increased from Rs 141 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 1148% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office is responsible for Kannabiran Street?

The Kunrathur Sub Registrar Office is responsible for Kannabiran Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Kannabiran Street?

Kannabiran Street is classified as Residential Class I Type - I, indicating its designation for residential development.