Guideline Value for Kannappar Street

Kannappar Street guideline value

The current guideline value of Kannappar Street in Periyapalayam village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Arani_Tiruvallur SRO and is classified as Commercial Class I Type - II.

How the guideline value of Kannappar Street has changed

The guideline value for Kannappar Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 402 per sq.ft, indicating a significant increase of 49% to reach Rs 600 per sq.ft in 2023. Notably, there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2024, the value has remained stable at Rs 600 per sq.ft, resulting in an overall change of 0% from 2012 to 2024.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO with a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Kannappar Street's value above this median.

• Kannappar Nagar: Rs 160 per sq.ft (2024)
• Kavarai Street: Rs 600 per sq.ft (2024)
• Kalaignar Nagar: Rs 300 per sq.ft (2024)
• Kakkanji Nagar: Rs 160 per sq.ft (2024)
• J.H. Nagar Annex: Rs 600 per sq.ft (2024)
• Lakshmi Amman Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, which totals Rs 42,000, and the registration fee is 2%, amounting to Rs 12,000. Therefore, the total cost for stamp duty and registration fees together is Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappar Street?

The Sub Registrar Office that covers Kannappar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Periyapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency in the property market.

Frequently asked questions

What is the current guideline value of Kannappar Street?

The current guideline value of Kannappar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kannappar Street has remained at Rs 600 per sq.ft since 2012, with a notable increase from Rs 402 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Kannappar Street?

Kannappar Street is classified as Commercial Class I Type - II under the Arani_Tiruvallur SRO.

What are the stamp duty and registration fees for property in Kannappar Street?

For a property valued at Rs 6,00,000, the stamp duty is Rs 42,000 and the registration fee is Rs 12,000, totaling Rs 54,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kannappar Street located?

The Sub Registrar Office for Kannappar Street is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.