Guideline Value for Kannan Koil Street

Kannan Koil Street guideline value

The current guideline value of Kannan Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Kannan Koil Street has changed

The guideline value for Kannan Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft from the 2024 revision. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

When examining the changes, the value increased by 87% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, making Kannan Koil Street's 2024 figure below that median.

• Kannappa Reddiar Street: Rs 1,700 per sq.ft (2024)
• Kaniappa Reddy Street: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 1,001 per sq.ft (2024)
• Kamathenu Street: Rs 1,700 per sq.ft (2024)
• Karukku Main Road: Rs 1,300 per sq.ft (2024)
• Karukku Main Road 1st Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kannan Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannan Koil Street?

The Sub Registrar Office that covers Kannan Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is taken into account to ensure that the correct fees are paid. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannan Koil Street?

The current guideline value of Kannan Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with notable revisions in 2017 and 2023.

What is the registration fee for property in Kannan Koil Street?

The registration fee is calculated based on the guideline value, which for a 1,000 sq.ft plot would total Rs 20,020 at the current rate of Rs 1,001 per sq.ft.

Which office handles registrations for Kannan Koil Street?

The Ambattur Sub Registrar Office handles registrations for Kannan Koil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

Are there other streets with different guideline values in Menambedu?

Yes, there are several other streets in Menambedu with varying guideline values, ranging from Rs 1,000 to Rs 6,680 per sq.ft as per the 2024 revision.