Guideline Value

Corporate

Guideline Value for Kannan Nagar

₹4400/sq.ft.

The guideline value for Kannan Nagar 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

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Kannan Nagar guideline value

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

How the guideline value of Kannan Nagar has changed

The guideline value of Kannan Nagar has undergone several revisions over the years. Starting from the 2007 revision, the value was set at Rs 1,700 per sq.ft. It increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 135%. However, in the 2017 revision, it dropped to Rs 2,680 per sq.ft, a decrease of 33%. This was followed by a substantial increase to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 159%.

There are no figures available for the revisions in 2002 and 2003 for Kannan Nagar. The 2024 revision reflects the current market conditions and is indicative of the value of properties in this area.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO with 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's 2024 figure above this median.

Stamp duty and registration fee for property in Kannan Nagar

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 is charged at 7%, amounting to Rs 3,08,000, and the registration fee is charged at 2%, totaling Rs 88,000. Together, the total cost for stamp duty and registration would be 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?

Kannan Nagar 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 information.

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

The guideline value plays a crucial role in property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value helps in establishing a baseline for the selling price and ensures that all transactions comply with local regulations. It is essential for both buyers and sellers to understand this value to facilitate smooth property transactions.

Frequently asked questions

What is the current guideline value of Kannan Nagar?

The current guideline value of Kannan Nagar 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 seen several changes, starting from Rs 1,700 per sq.ft in 2007, reaching Rs 4,400 per sq.ft in 2024, which is an overall increase of 159% from 2007.

What is the registration office for Kannan Nagar?

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

What are the stamp duty and registration fees for property in Kannan Nagar?

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

Are there other streets in Thalakanancherry with the same guideline value?

Yes, several other streets in Thalakanancherry have the same guideline value of Rs 4,400 per sq.ft, including Kannan Nagar 1st Main Road, Kannan Nagar 2nd Cross Street, and others.