Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Kannan Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Kannan Nagar 4th Cross Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannan Nagar 4th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Kannan Nagar 4th Cross Street guideline value

The current guideline value of Kannan Nagar 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village and falls under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Kannan Nagar 4th Cross Street has changed

The guideline value for Kannan Nagar 4th Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, the value decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision saw a rise to Rs 4,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while from 2007 to 2012, there was a remarkable increase of 135%. Overall, from 2007 to 2024, the guideline value has increased by 159%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Kannan Nagar 4th Cross Street's current value above that median.

Stamp duty and registration fee for property in Kannan Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannan Nagar 4th Cross Street?

Kannan Nagar 4th Cross Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannan Nagar 4th Cross Street?

The current guideline value of Kannan Nagar 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions took place in 2023, 2017, 2012, and 2007.

What are the other streets with the same guideline value in Thalakanancherry?

Other streets in Thalakanancherry with the same guideline value of Rs 4,400 per sq.ft include Kannan Nagar 4th Main road, Kannan Nagar 3rd Main Road, Kannan Nagar 3rd Cross Street, Kannan Nagar 5th Cross Street, Kannan Nagar 5th Main road, and Kannan Nagar 2nd Main Road.

What is the median guideline value for streets in Thalakanancherry?

The median guideline value for streets in Thalakanancherry is Rs 3,900 per sq.ft, which is below the current guideline value of Kannan Nagar 4th Cross Street.

How is stamp duty calculated for properties in Kannan Nagar 4th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value of Rs 44,00,000 for a 1,000 sq.ft plot, the stamp duty would be calculated at 7% of that amount.