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Guideline Value

Corporate

Guideline Value for Kannan Nagar 4th Main road

₹4400/sq.ft.

The guideline value for Kannan Nagar 4th Main Road 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 Main Road

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Kannan Nagar 4th Main road guideline value

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

How the guideline value of Kannan Nagar 4th Main road has changed

Over the years, the guideline value for Kannan Nagar 4th Main road has seen several revisions. The earliest recorded figure is from 2007 at Rs 1,700 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking an increase of 135%. However, it then dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value rose significantly again to Rs 4,000 per sq.ft in 2023, and finally reached Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. From 2017 to 2023, the increase was 49%, and overall, from 2007 to 2024, the guideline value has increased by 159%.

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, with a median value of Rs 3,900 per sq.ft. Kannan Nagar 4th Main road's 2024 figure of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Kannan Nagar 4th Main road

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 cost to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannan Nagar 4th Main road?

The Kannan Nagar 4th Main road falls under the jurisdiction of 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 information.

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

The guideline value is a crucial component when registering property transactions in Thalakanancherry. It determines the minimum value at which a property can be sold or bought, ensuring that the registration fees and stamp duty are calculated fairly.

When a buyer or seller approaches the Alandur SRO for registration, the guideline value is referenced to ascertain the applicable charges. This ensures that both parties are aware of the official value assigned to the property, which aids in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Kannan Nagar 4th Main road?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What are the stamp duty and registration fees for a property in Kannan Nagar 4th Main road?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles properties in Kannan Nagar 4th Main road?

The Alandur Sub Registrar Office handles properties in Kannan Nagar 4th Main road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Kannan Nagar 4th Main road?

Kannan Nagar 4th Main road is classified as Residential Class I Type - II, indicating its suitability for residential development.