Guideline Value for Kannamal Street

Kannamal Street guideline value

The current guideline value of Kannamal Street in Periyapanancheri village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Kannamal Street has changed

The guideline value for Kannamal Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value further to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 990 to Rs 4,925 per sq.ft. The median value is Rs 1,320 per sq.ft, which aligns with the guideline value of Kannamal Street.

• Karunakaran Street: Rs 1,320 per sq.ft (2024)
• Kalathumettu Street: Rs 1,320 per sq.ft (2024)
• J.S. Tower: Rs 2,200 per sq.ft (2024)
• Kundrathur Main Road: Rs 4,925 per sq.ft (2024)
• Kundrathur Main Road (ward 2): Rs 2,200 per sq.ft (2024)
• Kundrathur Main Road (ward 3): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kannamal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, making the total fees together Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Kannamal Street?

The Sub Registrar Office that covers Kannamal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Periyapanancheri

The guideline value is a crucial factor in the registration process of property transactions in Periyapanancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Kannamal Street?

The current guideline value of Kannamal Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over the period.

What are the other streets in Periyapanancheri with similar guideline values?

In Periyapanancheri, other streets such as Karunakaran Street and Kalathumettu Street also have a guideline value of Rs 1,320 per sq.ft in 2024.

What fees are associated with buying property on Kannamal Street?

For a 1,000 sq.ft property, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Kannamal Street located?

The Pammal Sub Registrar Office, which covers Kannamal Street, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.