Guideline Value for Kannanoorambakkam 1st Cross Street

Kannanoorambakkam 1st Cross Street guideline value

The current guideline value of Kannanoorambakkam 1st Cross Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Nallur village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kannanoorambakkam 1st Cross Street has changed

The guideline value for Kannanoorambakkam 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a significant rise of 75%. However, it saw a decrease to Rs 469 per sq.ft in 2017, a drop of 33%. The value then increased substantially to Rs 700 per sq.ft in 2023, followed by a further increase to Rs 770 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 93%.

Guideline values in Nallur

Nallur village has a total of 39 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Kannanoorambakkam 1st Cross Street is above this median.

• Kannanoorambakkam 2nd Cross Street: Rs 770 per sq.ft (2024)
• Kannanoorambakkam 3rd Cross Street: Rs 770 per sq.ft (2024)
• Kannanoorammal Koil 1st Street: Rs 770 per sq.ft (2024)
• Kannanoorammal Koil 2nd Street: Rs 770 per sq.ft (2024)
• kannanoorammal Koil Street: Rs 770 per sq.ft (2024)
• Kalpaga Nagar - 1: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kannanoorambakkam 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total Rs 69,300. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Kannanoorambakkam 1st Cross Street?

The Sub Registrar Office that covers Kannanoorambakkam 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Kannanoorambakkam 1st Cross Street?

The current guideline value of Kannanoorambakkam 1st Cross Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 93% over the years.

What is the land classification for Kannanoorambakkam 1st Cross Street?

The land classification for Kannanoorambakkam 1st Cross Street is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where is the Sub Registrar Office for Kannanoorambakkam 1st Cross Street located?

The Sub Registrar Office for Kannanoorambakkam 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.