Guideline Value for Kannagi Street / Senthil Nagar

Kannagi Street / Senthil Nagar guideline value

The current guideline value of Kannagi Street / Senthil Nagar is Rs 1,200 per sq.ft as per the 2023 revision. This street falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Kannagi Street / Senthil Nagar has changed

The guideline value for Kannagi Street / Senthil Nagar has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this value remained unchanged in the subsequent revision until 2017, when it dropped to Rs 804 per sq.ft. The most recent revision in 2023 saw a substantial increase to Rs 1,200 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was 118%. Overall, from 2007 to 2023, the guideline value has increased by 118%.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Therefore, Kannagi Street / Senthil Nagar stands out with its current guideline value of Rs 1,200 per sq.ft.

Stamp duty and registration fee for property in Kannagi Street / Senthil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannagi Street / Senthil Nagar?

The Kannagi Street / Senthil Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions, as it determines the amount of stamp duty and registration fees applicable. When buying or selling property in Vandalur, the guideline value is used to assess the official value of the property, ensuring that the transaction is recorded accurately.

During the registration process, the buyer must pay stamp duty 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 Kannagi Street / Senthil Nagar?

The current guideline value of Kannagi Street / Senthil Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally increased back to Rs 1,200 per sq.ft in 2023.

What is the classification of the land on Kannagi Street / Senthil Nagar?

The land on Kannagi Street / Senthil Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kannagi Street / Senthil Nagar?

The Gooduvancheri Sub Registrar Office covers Kannagi Street / Senthil Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,08,000.