Guideline Value for Kannadasan Cross street

Kannadasan Cross street guideline value

The current guideline value of Kannadasan Cross street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannadasan Cross street has changed

The guideline value for Kannadasan Cross street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the current 2024 revision has further increased it to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 value, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, and Kannadasan Cross street's 2024 figure is below this median.

• Kannadasan Street: Rs 1,100 per sq.ft (2024)
• Kannadasan Street Ext: Rs 1,100 per sq.ft (2024)
• Kannagi Street: Rs 1,650 per sq.ft (2024)
• Kanagambaram Street: Rs 1,320 per sq.ft (2024)
• Kannan Street: Rs 1,650 per sq.ft (2024)
• Kambar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannadasan Cross street?

The Sub Registrar Office that covers Kannadasan Cross street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor when buying or selling property in Peerklankaranai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kannadasan Cross street?

The current guideline value of Kannadasan Cross street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification of Kannadasan Cross street?

Kannadasan Cross street is classified as Residential Class II Type - I.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, with Kannadasan Cross street's 2024 figure being below this median.

Where is the Sub Registrar Office for Kannadasan Cross street located?

The Sub Registrar Office for Kannadasan Cross street is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.