Guideline Value for Kannan Koil Street

Kannan Koil Street guideline value

The current guideline value of Kannan Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Pattravakkam village, under the Konnur SRO, and is classified as Residential Class II 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 earliest recorded figure is from 2007, when the value was Rs 400 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a 250% rise. However, it then dropped to Rs 938 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 1,400 per sq.ft in 2023, and most recently, it has increased to Rs 1,500 per sq.ft in 2024, which is a 7% rise from the previous year.

There are no recorded figures for Kannan Koil Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,900 per sq.ft. The median value is Rs 1,500 per sq.ft, which is the same as the current value for Kannan Koil Street.

• Kanniamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,100 per sq.ft (2024)
• Karukku Main Road: Rs 2,200 per sq.ft (2024)
• Karukku Utkadai Paguthi & Street & Lanes: Rs 1,500 per sq.ft (2024)
• Kabaleeswarar Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 1,100 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 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kannan Koil Street?

Kannan Koil Street falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pattravakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is conducted at a legally recognized value.

Frequently asked questions

What is the current guideline value of Kannan Koil Street?

The current guideline value of Kannan Koil Street is Rs 1,500 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 1,500 per sq.ft in 2024, reflecting an overall increase of 275% over the years.

What is the registration office for Kannan Koil Street?

Kannan Koil Street is covered by the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Kannan Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,35,000 in stamp duty and registration fees.

What are the other streets in Pattravakkam with guideline values?

Other streets in Pattravakkam include Kanniamman Koil Street, Kamatchi Nagar, Karukku Main Road, Karukku Utkadai Paguthi & Street & Lanes, Kabaleeswarar Nagar, and Krishna Nagar, with values ranging from Rs 1,100 to Rs 2,200 per sq.ft in 2024.