Guideline Value for Kannammal Street

Kannammal Street guideline value

The current guideline value of Kannammal Street in Chitlapakkam village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Kannammal Street has changed

The guideline value for Kannammal Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, which had a value of Rs 1,675 per sq.ft. The 2023 revision raised the value to Rs 2,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Kannammal Street's 2024 figure above this median.

• Kannammal 2nd Street: Rs 1,650 per sq.ft (2024)
• Kannaiyan Street: Rs 1,650 per sq.ft (2024)
• Kannagi Street: Rs 2,750 per sq.ft (2024)
• Karthik Avenue: Rs 1,650 per sq.ft (2024)
• Karthik Avenue Annex: Rs 1,650 per sq.ft (2024)
• Kamban Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kannammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost of these fees Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannammal Street?

The Sub Registrar Office that covers Kannammal Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable fees based on the value of the property. This ensures that the fees reflect the current market conditions and the official valuation of the property.

Frequently asked questions

What is the current guideline value of Kannammal Street?

The current guideline value of Kannammal Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing a significant increase over the years.

What are the other streets in Chitlapakkam with their guideline values?

Other streets in Chitlapakkam include Kannammal 2nd Street and Kannaiyan Street, both at Rs 1,650 per sq.ft in 2024, and Kannagi Street, Kamban Street, which are at Rs 2,750 per sq.ft in 2024.

What is the registration fee for property in Kannammal Street?

The registration fee for property in Kannammal Street is calculated based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 27,50,000 would incur a registration fee of Rs 55,000 at 2%.

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

The Sub Registrar Office for Kannammal Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information about your SRO online.