Guideline Value for Kannaiyapuram

Kannaiyapuram guideline value

The current guideline value of Kannaiyapuram is Rs 850 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Kannaiyapuram has changed

The guideline value for Kannaiyapuram has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. Following this, the value rose to Rs 800 per sq.ft in 2023, and is currently set at Rs 850 per sq.ft from 1 July 2024. The register has no figures for the years 2002 and 2003.

Looking at the changes, the increase from 2023 to 2024 is +6%. From 2017 to 2023, there was a substantial increase of +49%. The value decreased by -33% from 2012 to 2017, while it surged by +300% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by +325%.

Guideline values in Selaiyur

Selaiyur village has a total of 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Kannaiyapuram's 2024 figure below that median.

• Kannaki Street: Rs 1,600 per sq.ft (2024)
• Kannan Street: Rs 1,300 per sq.ft (2024)
• Kannappan Street: Rs 1,100 per sq.ft (2024)
• Kannadasan Street: Rs 1,100 per sq.ft (2024)
• Kandasamy Colony: Rs 2,750 per sq.ft (2024)
• Kanagaraj Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kannaiyapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, while the registration fee at 2% would be Rs 17,000, bringing the total cost together to Rs 76,500. It is important to note that the 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 Kannaiyapuram?

Kannaiyapuram is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Selaiyur. It is the benchmark used by the registration department to assess the value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannaiyapuram?

The current guideline value of Kannaiyapuram is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007 to Rs 850 per sq.ft in 2024. The most notable increase was from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft. Kannaiyapuram's current value is below this median.

What are the stamp duty and registration fees for property in Kannaiyapuram?

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 and the registration fee would be Rs 17,000, totaling Rs 76,500.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.