Guideline Value for Kannampulli chetti street west

Kannampulli chetti street west guideline value

The current guideline value of Kannampulli chetti street west is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannampulli chetti street west has changed

The guideline value for Kannampulli chetti street west has undergone several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, this value saw a decrease of 33% to Rs 1,340 per sq.ft in 2017. The following revision in 2023 brought the value up to Rs 2,000 per sq.ft, and the latest revision in 2024 saw it rise to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Kannampulli chetti street west for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, making the guideline value of Kannampulli chetti street west equal to this median.

• Kannampulli chetti street south: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street north: Rs 2,200 per sq.ft (2024)
• Kandaswamy nagar exten: Rs 2,200 per sq.ft (2024)
• Kandaswamy nagar: Rs 2,200 per sq.ft (2024)
• Kantharupan nagar: Rs 2,200 per sq.ft (2024)
• Karaiyanchavadi street (west): Rs 3,250 per sq.ft (2024)

Stamp duty and registration fee for property in Kannampulli chetti street west

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 Kannampulli chetti street west?

The Sub Registrar Office that covers Kannampulli chetti street west is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value of a property for stamp duty and registration fees, ensuring that these fees are calculated accurately based on the established rates.

When buying or selling property, the guideline value helps both parties understand the fair value of the property in the market. It is crucial for buyers and sellers to be aware of these values to ensure compliance with registration requirements and to avoid any potential disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Kannampulli chetti street west?

The current guideline value of Kannampulli chetti street west is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Poonamallee Sub Registrar Office covers Kannampulli chetti street west, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Kannampulli chetti street west?

Kannampulli chetti street west is classified as Residential Class II Type - I, indicating its suitability for residential development.