Guideline Value for Kannagi Street

Kannagi Street guideline value

The current guideline value of Kannagi Street in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Kannagi Street has changed

The guideline value for Kannagi Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 260 per sq.ft in 2012. However, it dropped to Rs 174 per sq.ft in 2017, before returning to Rs 260 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%. The overall change from 2007 to 2024 shows a significant increase of 160%. The 2024 revision maintains the same rate as the previous year, indicating stability in the guideline value for this street.

Guideline values in Ammayarkuppam

Ammayarkuppam village has 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value is Rs 260 per sq.ft, placing Kannagi Street at the median value for 2024.

• Kanniamman Koil St: Rs 150 per sq.ft (2024)
• Kamatchiamman Koil st: Rs 260 per sq.ft (2024)
• Kamarajar St: Rs 260 per sq.ft (2024)
• Kamarajar Harijana Colony: Rs 150 per sq.ft (2024)
• Koil Street: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kannagi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, making the total fees together Rs 23,400. 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 precise calculations.

Which Sub Registrar Office covers Kannagi Street?

The Sub Registrar Office that covers Kannagi Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ammayarkuppam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process and to ensure that all fees are accurately calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kannagi Street?

The current guideline value of Kannagi Street is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, decreased to Rs 174 per sq.ft in 2017, and returned to Rs 260 per sq.ft in both 2023 and 2024.

What is the median guideline value for Ammayarkuppam?

The median guideline value for Ammayarkuppam is Rs 260 per sq.ft, which is the same as the current value for Kannagi Street.

What are the stamp duty and registration fees for a property on Kannagi Street?

The stamp duty for a property valued at Rs 2,60,000 would be Rs 18,200, and the registration fee would be Rs 5,200, totaling Rs 23,400.

Which office handles registrations for Kannagi Street?

The Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai, handles registrations for Kannagi Street.