Guideline Value for Kannappasamy Nagar 11th Street

Kannappasamy Nagar 11th Street guideline value

The current guideline value of Kannappasamy Nagar 11th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kannappasamy Nagar 11th Street has changed

The guideline value for Kannappasamy Nagar 11th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 300 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, which is a decline of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, an increase of 87%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Kannappasamy Nagar 11th Street is below this median.

• Kannappasamy Nagar 10th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 12th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 13th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 14th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 15th Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kannappasamy Nagar 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannappasamy Nagar 11th Street?

The Sub Registrar Office that covers Kannappasamy Nagar 11th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the correct amounts are collected based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar 11th Street?

The current guideline value of Kannappasamy Nagar 11th Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office is responsible for property registration in Kannappasamy Nagar 11th Street?

The Redhills Sub Registrar Office is responsible for property registration in Kannappasamy Nagar 11th Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Kannappasamy Nagar 11th Street?

The land classification for Kannappasamy Nagar 11th Street is Residential Class II Type - I.