Guideline Value for Kannadhasan Nagar

Kannadhasan Nagar guideline value

The current guideline value of Kannadhasan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Kannadhasan Nagar has changed

The guideline value for Kannadhasan Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 320 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 213%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2023, a rise of 49%, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 244% from Rs 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Kannadhasan Nagar.

• Kandappan Street: Rs 880 per sq.ft (2024)
• Kanagavallipuram: Rs 1,320 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,100 per sq.ft (2024)
• Kamatchi avenue: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadhasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be 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 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannadhasan Nagar?

The Sub Registrar Office that covers Kannadhasan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the minimum value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kannadhasan Nagar?

The current guideline value of Kannadhasan Nagar 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 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What is the registration office for Kannadhasan Nagar?

The registration office for Kannadhasan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What are the stamp duty and registration fees for properties in Kannadhasan Nagar?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Where can I find more information about guideline values in Thiruvallur?

More information about guideline values in Thiruvallur can be found on the Registration Department's guideline value register (TNReginet) and through local resources.