Guideline Value for Kannadhasan Salai

Kannadhasan Salai guideline value

The current guideline value of Kannadhasan Salai is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village under the Konnur SRO and is classified as Residential Class I Type - I.

How the guideline value of Kannadhasan Salai has changed

The guideline value for Kannadhasan Salai has seen several revisions over the years. In 2002, the value was Rs 566 per sq.ft. It increased to Rs 622 per sq.ft in 2003, marking a 10% rise. The value then significantly jumped to Rs 1,200 per sq.ft in 2007, reflecting a 93% increase. Following that, in 2012, the guideline value was Rs 5,000 per sq.ft, which was a remarkable 317% increase from the previous revision. However, in 2017, it decreased to Rs 3,350 per sq.ft, showing a decline of 33%. The value rose again to Rs 5,000 per sq.ft in 2023 and finally reached Rs 5,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 872%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 7,100 per sq.ft, placing Kannadhasan Salai's 2024 figure below that median.

• Kannammal Street: Rs 7,100 per sq.ft (2024)
• Kannathamman Koil Street: Rs 7,100 per sq.ft (2024)
• Kanniappan Street: Rs 7,100 per sq.ft (2024)
• Kambar Salai: Rs 8,800 per sq.ft (2024)
• Karnan Street: Rs 5,500 per sq.ft (2024)
• Kamaraj nagar and 1 to 4 Cross Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kannadhasan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Kannadhasan Salai?

The Sub Registrar Office that covers Kannadhasan Salai is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Mugappair. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value is also considered to establish the minimum value at which the property can be registered. This helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the official valuation of the property.

Frequently asked questions

What is the current guideline value of Kannadhasan Salai?

The current guideline value of Kannadhasan Salai is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 566 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 872% over these years.

What is the median guideline value in Mugappair?

The median guideline value for Mugappair village is Rs 7,100 per sq.ft, which is higher than the current guideline value of Kannadhasan Salai.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.