Guideline Value for Kannanoorammal Koil 1st Street

Kannanoorammal Koil 1st Street guideline value

The current guideline value of Kannanoorammal Koil 1st Street is Rs 700 per sq.ft. This street is located in the Nallur_2 village and falls under the jurisdiction of the Redhills SRO. It is classified as Residential Class I Type - I.

How the guideline value of Kannanoorammal Koil 1st Street has changed

In the 2017 revision, the guideline value was recorded at Rs 469 per sq.ft. This figure saw a significant increase in the 2023 revision, where it was raised to Rs 700 per sq.ft, marking a change of +49% over the six-year period. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

Thus, the only revisions with figures available are from 2017 and 2023. The increase from Rs 469 to Rs 700 indicates a notable adjustment in the guideline value, reflecting the current valuation for transactions in this area.

Guideline values in Nallur_2

No specific guideline values for other streets in Nallur_2 are provided. Therefore, Kannanoorammal Koil 1st Street is the only street mentioned in this context.

Stamp duty and registration fee for property in Kannanoorammal Koil 1st 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, calculated at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kannanoorammal Koil 1st Street?

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

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

The guideline value is a critical component in property transactions, as it establishes a baseline for the value of properties in a given area. When buying or selling property in Nallur_2, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

During registration, the guideline value serves as a reference point for both buyers and sellers. It helps in determining the legal obligations related to stamp duty and registration fees, which are essential for the formal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kannanoorammal Koil 1st Street?

The current guideline value of Kannanoorammal Koil 1st 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, which is a change of +49% over six years.

Are there any guideline values for other streets in Nallur_2?

No specific guideline values for other streets in Nallur_2 have been provided. Kannanoorammal Koil 1st Street is the only street mentioned in this context.

What are the fees associated with buying property on Kannanoorammal Koil 1st Street?

The total fees for a 1,000 sq.ft plot at the current guideline value would be Rs 63,000, which includes a stamp duty of Rs 49,000 and a registration fee of Rs 14,000.

Which office handles the registration for Kannanoorammal Koil 1st Street?

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