Guideline Value

Corporate

Guideline Value for Kannan Nagar First Street

₹4400/sq.ft.

The guideline value for Kannan Nagar First 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 First Street

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Kannan Nagar First Street guideline value

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

How the guideline value of Kannan Nagar First Street has changed

The guideline value for Kannan Nagar First Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, this figure decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 shows a further increase to Rs 4,400 per sq.ft. There are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects a substantial increase of 159%. The fluctuations in the guideline value illustrate the evolving landscape of property valuation in this area.

Guideline values in Thalakanancherry

Within 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 guideline value for these streets is Rs 3,900 per sq.ft, positioning Kannan Nagar First Street above this median.

Stamp duty and registration fee for property in Kannan Nagar First 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. Note that the 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 more details.

Which Sub Registrar Office covers Kannan Nagar First Street?

The Sub Registrar Office that covers Kannan Nagar First Street is 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 critical factor when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Kannan Nagar First Street?

The current guideline value of Kannan Nagar First Street 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 significantly 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 other streets in Thalakanancherry with the same guideline value?

Several other streets in Thalakanancherry also have a guideline value of Rs 4,400 per sq.ft in 2024, including Kannan Nagar Koot Road, Kannan Nagar 6th Main Road, Kannan Nagar 6th Cross Street, Kannan Nagar 5th Main road, Kannan Nagar 5th Cross Street, and Kannan Nagar 4th Main road.

What is the stamp duty rate for properties in Kannan Nagar First Street?

The stamp duty rate for properties in Kannan Nagar First Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kannan Nagar First Street?

The Sub Registrar Office for Kannan Nagar First Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.