Guideline Value

Corporate

Guideline Value for Kannaki Street

₹1210/sq.ft.

The guideline value for Kannaki Street in Mudichur village (Padappai SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mudichur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannaki Street

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Kannaki Street guideline value

The current guideline value of Kannaki Street in Mudichur village, under the Padappai SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Kannaki Street has changed

The guideline value for Kannaki Street has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which significantly increased to Rs 1,100 per sq.ft in 2012. However, in 2017, it decreased to Rs 737 per sq.ft. The value then rose to Rs 1,100 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 1,210 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 633%. However, it saw a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 707% from 2007 to 2024.

Guideline values in Mudichur

Mudichur has a total of 135 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this village is Rs 2,200 per sq.ft, placing Kannaki Street's 2024 figure below that median.

Stamp duty and registration fee for property in Kannaki Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total fees would be Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kannaki Street?

The Sub Registrar Office that covers Kannaki Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Mudichur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used for calculating the applicable duties.

When purchasing property, understanding the guideline value can help buyers estimate the total costs involved in the transaction. It is advisable to consult the guideline value register and stay updated on any revisions to ensure accurate financial planning.

Frequently asked questions

What is the current guideline value of Kannaki Street?

The current guideline value of Kannaki Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 150 per sq.ft in 2007, rising to Rs 1,210 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Kannaki Street?

Kannaki Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

How do the guideline values in Mudichur compare?

The guideline values in Mudichur range from Rs 880 to Rs 4,000 per sq.ft, with a median of Rs 2,200 per sq.ft. Kannaki Street's 2024 value is below this median.

Where can I find the Sub Registrar Office for Kannaki Street?

The Sub Registrar Office for Kannaki Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.