Guideline Value for Kannammal Nagar

Kannammal Nagar guideline value

The current guideline value of Kannammal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Kannammal Nagar has changed

The guideline value for Kannammal Nagar has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which was then reduced to Rs 200 per sq.ft in the 2024 revision, indicating a decrease of 60%.

Currently, the 2024 guideline value stands at Rs 200 per sq.ft. This is a significant drop from the previous year's figure of Rs 500 per sq.ft, reflecting the most recent adjustments in the guideline values for this area.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Kannammal Nagar is below this median.

• Karanthangal Road(bangaluru main road to prince residentia): Rs 1,000 per sq.ft (2024)
• Karthik Nagar: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Johnsirani Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kannammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannammal Nagar?

The Sub Registrar Office that covers Kannammal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in determining the registration fees and stamp duty when buying or selling property in Nemili_B. It serves as a benchmark for assessing the value of the property and ensures that the appropriate taxes are collected during the registration process.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kannammal Nagar?

The current guideline value of Kannammal Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kannammal Nagar has changed from Rs 500 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, marking a decrease of 60%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Nemili_B?

In Nemili_B, other streets have varying guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, while Kannammal Nagar's value is below this median.

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

The stamp duty for a property valued at Rs 2,00,000 would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kannammal Nagar located?

The Sub Registrar Office for Kannammal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.