Guideline Value for Kannagi Street (12)

Kannagi Street (12) guideline value

The current guideline value for Kannagi Street (12) is Rs 1,320 per sq.ft. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kannagi Street (12) has changed

Over the years, the guideline value for Kannagi Street (12) has seen significant changes. The register figures show that in 2017, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is the same as the 2024 figure for Kannagi Street (12).

• Kannagi Street (3): Rs 1,320 per sq.ft (2024)
• Kannadasan Street: Rs 1,320 per sq.ft (2024)
• Kandaswamy Nagar: Rs 1,320 per sq.ft (2024)
• Karaunadhi Nagar: Rs 1,320 per sq.ft (2024)
• Karnan Nagar: Rs 1,320 per sq.ft (2024)
• Kambar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kannagi Street (12)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannagi Street (12)?

The Sub Registrar Office that covers Kannagi Street (12) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. 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 Kannagi Street (12)?

The current guideline value of Kannagi Street (12) is Rs 1,320 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a 64% increase overall. The value was Rs 1,200 per sq.ft in 2023, showing a 10% rise from that year.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, which is the same as the 2024 figure for Kannagi Street (12).

What are the stamp duty and registration fees for a property in Kannagi Street (12)?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty at 7% is Rs 92,400, and the registration fee at 2% is Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Kannagi Street (12)?

The Sub Registrar Office for Kannagi Street (12) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.