Guideline Value for Kannanji 2nd Cross Street

Kannanji 2nd Cross Street guideline value

The current guideline value of Kannanji 2nd Cross Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kannanji 2nd Cross Street has changed

The guideline value for Kannanji 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017. In 2023, the value increased to Rs 750 per sq.ft, and in the latest revision for 2024, it rose to Rs 830 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects an increase of 11%.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,700 per sq.ft. The median value is Rs 830 per sq.ft, which is equal to the current guideline value of Kannanji 2nd Cross Street.

• Kannan Avenue: Rs 3,300 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Kamaraj Street: Rs 830 per sq.ft (2024)
• Kamaraj Cross Street: Rs 830 per sq.ft (2024)
• Kattabomman Street: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Kannanji 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total cost to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannanji 2nd Cross Street?

Kannanji 2nd Cross Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

When a property is sold, the guideline value is used to assess the transaction's legitimacy. If the sale price is higher than the guideline value, the duty is charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Kannanji 2nd Cross Street?

The current guideline value of Kannanji 2nd Cross Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the median guideline value in Agaramthen?

The median guideline value in Agaramthen is Rs 830 per sq.ft, which is the same as the current guideline value for Kannanji 2nd Cross Street.

Where can I find the Sub Registrar Office for Kannanji 2nd Cross Street?

The Sub Registrar Office covering Kannanji 2nd Cross Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property in Kannanji 2nd Cross Street?

Stamp duty for property in Kannanji 2nd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.