Guideline Value for Kannaia chetty Street

Kannaia chetty Street guideline value

The current guideline value of Kannaia chetty Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO with a land classification of Mixed Type - I.

How the guideline value of Kannaia chetty Street has changed

The guideline value for Kannaia chetty Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 4,200 per sq.ft. This was followed by a decrease to Rs 2,814 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 4,600 per sq.ft, which is a 10% increase from the previous year, 2023.

There are no recorded figures for Kannaia chetty Street in the years 2002, 2003, and 2007. Overall, comparing the 2012 figure to the 2024 figure, there has been a net increase of 10% in the guideline value.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft as of 2024. The median guideline value in the area is Rs 3,600 per sq.ft, placing Kannaia chetty Street's 2024 figure above this median.

• Kamrajapuram Health workers Kudirrupu: Rs 1,800 per sq.ft (2024)
• Kambar Street (Ramapuram): Rs 5,100 per sq.ft (2024)
• Kapilar Street: Rs 3,600 per sq.ft (2024)
• Karunanithi Street: Rs 3,600 per sq.ft (2024)
• Kamarajapuram V.O.C. Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Vanchi Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kannaia chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total fees together to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannaia chetty Street?

The Sub Registrar Office that covers Kannaia chetty Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kannaia chetty Street?

The current guideline value of Kannaia chetty Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Kannaia chetty Street?

Kannaia chetty Street is classified as Mixed Type - I, according to the land classification in the area.

Where can I find the Sub Registrar Office for Kannaia chetty Street?

The Sub Registrar Office for Kannaia chetty Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty on property in Kannaia chetty Street?

The stamp duty on property in Kannaia chetty Street is calculated at 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,22,000.