Guideline Value for Kannadasan Street (Easwar Nagar)

Kannadasan Street (Easwar Nagar) guideline value

The current guideline value of Kannadasan Street (Easwar Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO with a land classification of Commercial Class I Type - II.

How the guideline value of Kannadasan Street (Easwar Nagar) has changed

The guideline value of Kannadasan Street has seen several revisions over the years. Starting from Rs 201 per sq.ft in 2002, it increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The value then saw a significant jump to Rs 360 per sq.ft in 2007, which was a 58% increase. By 2017, the guideline value surged to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from 2007. The next revision in 2023 set the value at Rs 2,500 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no figure for Kannadasan Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1268%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Kannadasan Street (Easwar Nagar) above this median.

• Kannadasan Street (Hindustan Lever Colony): Rs 2,530 per sq.ft (2024)
• Kannageyi Street /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Kannageyi Street (Gandhi Nagar): Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kannageyi Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Kannageyi Street /Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Street (Easwar Nagar)

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 fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kannadasan Street (Easwar Nagar)?

The Sub Registrar Office that covers Kannadasan Street (Easwar Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Kannadasan Street (Easwar Nagar)?

The current guideline value of Kannadasan Street (Easwar Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1268%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Kannadasan Street?

The Pammal Sub Registrar Office handles registrations for Kannadasan Street (Easwar Nagar). It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Pammal?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions. It serves as a reference point for calculating stamp duty and registration fees during property transactions.