Guideline Value for Kannappan Street

Kannappan Street guideline value

The current guideline value of Kannappan Street in Thirumullaivoyal village, under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kannappan Street has changed

The guideline value of Kannappan Street has experienced several revisions over the years. Starting from the 2002 revision, the value was Rs 167 per sq.ft. It increased to Rs 200 per sq.ft in 2003, marking a 20% rise. The value further increased to Rs 400 per sq.ft in 2007, representing a 100% increase from the previous revision. By 2012, the value reached Rs 1,800 per sq.ft, which is a significant jump of 350% from 2007.

The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from 2012. It is important to note that the register has no figures for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with a 2024 guideline value range from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing the 2024 guideline value for Kannappan Street below this median.

• Kannathasan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Karikalan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Karmegam Street: Rs 1,900 per sq.ft (2024)
• Karpagam Avenue: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar: Rs 990 per sq.ft (2024)
• Kambar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, resulting in a total of Rs 1,71,000. 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 details.

Which Sub Registrar Office covers Kannappan Street?

The Sub Registrar Office that covers Kannappan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction is in line with the prevailing rates in the area. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kannappan Street?

The current guideline value of Kannappan Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, representing an overall increase of 1038% over the years.

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal include Kannathasan Street and Karikalan Street, both at Rs 2,700 per sq.ft, and Karpagam Avenue at Rs 1,500 per sq.ft, among others.

How is stamp duty calculated for property in Kannappan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,900 per sq.ft, the stamp duty would be Rs 1,33,000.

Where can I find the Sub Registrar Office for Kannappan Street?

The Sub Registrar Office for Kannappan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.