Guideline Value for Kannageyi Street /Shivashankaran Nagar

Kannageyi Street /Shivashankaran Nagar guideline value

The current guideline value of Kannageyi Street /Shivashankaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kannageyi Street /Shivashankaran Nagar has changed

The guideline value for Kannageyi Street /Shivashankaran Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 230 per sq.ft. This value increased to Rs 260 per sq.ft in 2003, marking a 13% rise. In 2007, the value saw a significant jump to Rs 360 per sq.ft, which was a 38% increase from the previous revision. The 2012 revision does not have a recorded figure for this street. The value further increased to Rs 1,206 per sq.ft in 2017, reflecting a substantial 235% rise from 2007. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The current value of Rs 1,980 per sq.ft in 2024 represents a 10% increase from the previous year.

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 in the village is Rs 2,090 per sq.ft, placing Kannageyi Street /Shivashankaran Nagar's 2024 value below this median.

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

Stamp duty and registration fee for property in Kannageyi Street /Shivashankaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kannageyi Street /Shivashankaran Nagar?

Kannageyi Street /Shivashankaran Nagar falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the property registration process in Pammal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kannageyi Street /Shivashankaran Nagar?

The current guideline value of Kannageyi Street /Shivashankaran Nagar is Rs 1,980 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 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 761% over the years.

What is the registration office for Kannageyi Street /Shivashankaran Nagar?

The registration office for Kannageyi Street /Shivashankaran Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates applicable in Pammal?

The stamp duty in Pammal is typically charged at a rate of 7% on the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.

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

For more information regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.