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Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar 15th Street

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 15th Street in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannappasamy Nagar 15th Street

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Kannappasamy Nagar 15th Street guideline value

The current guideline value of Kannappasamy Nagar 15th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village under the Redhills Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Kannappasamy Nagar 15th Street has changed

The guideline value for Kannappasamy Nagar 15th Street has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, but then saw a decrease to Rs 536 per sq.ft in 2017. The value rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 87%, while from 2012 to 2017, it decreased by 33%. The increase from 2007 to 2012 was substantial at 167%. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register does not have figures for the years 2002 and 2003 for this street.

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 15th Street is below this median.

Stamp duty and registration fee for property in Kannappasamy Nagar 15th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the guideline value totals 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, making the total Rs 99,000. Duty is charged on the higher of the guideline value and the sale price.

You can calculate your exact stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappasamy Nagar 15th Street?

The Sub Registrar Office that covers Kannappasamy Nagar 15th 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 an essential factor when registering property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring transparency in property dealings.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar 15th Street?

The current guideline value of Kannappasamy Nagar 15th Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much 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%.

What is the land classification for Kannappasamy Nagar 15th Street?

The land classification for Kannappasamy Nagar 15th Street is Residential Class II Type - I.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Kannappasamy Nagar 15th Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 11,00,000 incurs a stamp duty of Rs 77,000 and a registration fee of Rs 22,000.