Guideline Value for Kannadhasan (Cross Street)

Kannadhasan (Cross Street) guideline value

The current guideline value of Kannadhasan (Cross Street) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Kannadhasan (Cross Street) has changed

The guideline value for Kannadhasan (Cross Street) has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 620 per sq.ft. This saw a significant increase to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions, indicating no change during that period. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 432%. Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing the guideline value of Kannadhasan (Cross Street) below the median.

• Kannadhasan Street: Rs 3,300 per sq.ft (2024)
• Kannagi Street (JPT): Rs 4,900 per sq.ft (2024)
• Kannagi Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Kannagi street (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Kannammal Street: Rs 4,100 per sq.ft (2024)
• Kanchi Natarajan Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadhasan (Cross Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Kannadhasan (Cross Street)?

The Sub Registrar Office that covers Kannadhasan (Cross Street) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial reference point when registering property transactions in Kodambakkam. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable to the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Kannadhasan (Cross Street)?

The current guideline value for Kannadhasan (Cross Street) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 432%, rising from Rs 620 per sq.ft to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on this street?

For a property of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office should I visit for property registration?

The Ashok Nagar Sub Registrar Office is responsible for property registration in Kannadhasan (Cross Street), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the range of guideline values for other streets in Kodambakkam?

The guideline values for other streets in Kodambakkam range from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft.