Guideline Value for Kannanoorambakkam 3rd Cross Street

Kannanoorambakkam 3rd Cross Street guideline value

The current guideline value of Kannanoorambakkam 3rd Cross Street is Rs 700 per sq.ft. This street is located in Nallur_2 village, under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kannanoorambakkam 3rd Cross Street has changed

The guideline value for Kannanoorambakkam 3rd Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which was an increase from the previous figures. The most recent revision in 2023 raised the guideline value to Rs 700 per sq.ft, marking a significant increase of 49% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street, indicating that the guideline value remained unrecorded during those years.

Guideline values in Nallur_2

Currently, there are no specific guideline values provided for other streets in Nallur_2 under the Redhills SRO.

Stamp duty and registration fee for property in Kannanoorambakkam 3rd 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, bringing the total fees together to Rs 63,000. 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 Kannanoorambakkam 3rd Cross Street?

The Sub Registrar Office that covers Kannanoorambakkam 3rd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For further information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Nallur_2. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value as it affects the overall cost of the transaction.

When a property is registered, the guideline value is referenced to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. This means that both buyers and sellers should be aware of the current guideline value to avoid unexpected costs.

Frequently asked questions

What is the current guideline value of Kannanoorambakkam 3rd Cross Street?

The current guideline value of Kannanoorambakkam 3rd 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, representing a growth of 49%.

Are there any guideline values for other streets in Nallur_2?

Currently, there are no specific guideline values available for other streets in Nallur_2 under the Redhills SRO.

What fees are associated with buying property on Kannanoorambakkam 3rd Cross Street?

For a property on Kannanoorambakkam 3rd Cross Street, the total fees including stamp duty and registration can amount to Rs 63,000 for a 1,000 sq.ft plot at the current guideline value.

Which office handles property registrations for this street?

The Redhills Sub Registrar Office is responsible for property registrations in Kannanoorambakkam 3rd Cross Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.