Guideline Value for Kannadasan Street

Kannadasan Street guideline value

The current guideline value of Kannadasan Street in Thandalkazhani village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Kannadasan Street has changed

The guideline value for Kannadasan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value decreased to Rs 536 per sq.ft in 2017. The 2023 revision saw an increase to Rs 800 per sq.ft, followed by a further rise to Rs 880 per sq.ft in 2024.

From 2007 to 2024, the overall change in guideline value is +193%. Notably, the increase from 2023 to 2024 was +10%, while the jump from 2017 to 2023 was +49%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value of Kannadasan Street.

• Kambar Street: Rs 1,210 per sq.ft (2024)
• Kamaraj Nagar: Rs 660 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 1,210 per sq.ft (2024)
• Madha Nagar: Rs 660 per sq.ft (2024)
• Gomathi Nagar In Sivaram city: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, would amount to Rs 61,600, and the registration fee, at 2%, would be Rs 17,600. Together, these fees would total Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kannadasan Street?

The Sub Registrar Office that covers Kannadasan Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thandalkazhani, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. The guideline value serves as a benchmark for assessing property prices in the area and is updated periodically to reflect market conditions.

Frequently asked questions

What is the current guideline value of Kannadasan Street?

The current guideline value of Kannadasan Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the registration office for Kannadasan Street?

The registration office for Kannadasan Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for a property on Kannadasan Street?

For a property measuring 1,000 sq.ft, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find more information on stamp duty and registration fees?

More information on stamp duty and registration fees can be found using the stamp duty and registration fee calculator.