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Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar 16th Street

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 16th 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 16th Street

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Kannappasamy Nagar 16th Street guideline value

The current guideline value of Kannappasamy Nagar 16th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannappasamy Nagar 16th Street has changed

The guideline value for Kannappasamy Nagar 16th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased to Rs 800 per sq.ft in 2012, but then dropped to Rs 536 per sq.ft in 2017. From 2017 to 2023, the value surged to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The change from 2023 to 2024 reflects a 10% increase, while the jump from 2017 to 2023 represents an 87% rise. The fluctuation from 2012 to 2017 indicates a decrease of 33%, and the increase from 2007 to 2012 was significant at 167%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing the 2024 figure for Kannappasamy Nagar 16th Street below this median.

Stamp duty and registration fee for property in Kannappasamy Nagar 16th 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. 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 Kannappasamy Nagar 16th Street?

The Sub Registrar Office that covers Kannappasamy Nagar 16th 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 plays a crucial role in property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential for buyers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar 16th Street?

The current guideline value of Kannappasamy Nagar 16th 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 from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the registration fee for properties in this area?

The registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a registration fee of Rs 22,000.

Where can I find the Sub Registrar Office for Kannappasamy Nagar 16th Street?

The Sub Registrar Office for Kannappasamy Nagar 16th Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that buyers and sellers comply with local regulations when registering property.