Guideline Value for Kannanoorambakkam 2nd Cross Street

Kannanoorambakkam 2nd Cross Street guideline value

The current guideline value of Kannanoorambakkam 2nd Cross Street is Rs 700 per sq.ft, as per the 2023 revision. This street falls under the Nallur_2 village and is governed by the Redhills SRO. The land classification for this area is Residential Class I Type - I.

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

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a change of +49%. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

The increase from 2017 to 2023 indicates a notable rise in the guideline value, reflecting changes in the valuation process. The absence of figures for previous revisions means that we cannot assess the historical changes prior to 2017.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. The guideline value for Kannanoorambakkam 2nd Cross Street is Rs 700 per sq.ft. There are no other streets in Nallur_2 under the Redhills SRO provided in the available data.

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

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Therefore, the total cost together would be Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannanoorambakkam 2nd Cross Street?

The Sub Registrar Office that covers Kannanoorambakkam 2nd Cross Street is the Redhills Sub Registrar Office. The address is Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information by visiting find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Kannanoorambakkam 2nd Cross Street is Rs 700 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft, reflecting a change of +49%.

Are there any guideline values for previous years?

The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for Kannanoorambakkam 2nd Cross Street.

What is the registration office for this area?

The registration office for Kannanoorambakkam 2nd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.