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Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar 1st Street

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 1st 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 1st Street

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Kannappasamy Nagar 1st Street guideline value

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

How the guideline value of Kannappasamy Nagar 1st Street has changed

The guideline value for Kannappasamy Nagar 1st Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then dropped to Rs 536 per sq.ft in 2017. The value rose to Rs 1,000 per sq.ft in 2023 and is currently set at Rs 1,100 per sq.ft as of the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The changes between the revisions include a 167% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, an 87% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

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 Puzhal is Rs 1,102 per sq.ft, making the 2024 figure for Kannappasamy Nagar 1st Street below this median.

Stamp duty and registration fee for property in Kannappasamy Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappasamy Nagar 1st Street?

The Sub Registrar Office that covers Kannappasamy Nagar 1st 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 the registration process when buying or selling property in Puzhal. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar 1st Street?

The current guideline value of Kannappasamy Nagar 1st 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 are the other streets in Puzhal with the same guideline value?

Other streets in Puzhal, such as Kannappasamy Nagar 19th, 20th, 18th, 21st, 17th, and 22nd Streets, also have a guideline value of Rs 1,100 per sq.ft for 2024.

What fees are associated with buying property in Kannappasamy Nagar 1st Street?

When buying property in Kannappasamy Nagar 1st Street, the buyer must pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kannappasamy Nagar 1st Street?

The Sub Registrar Office for Kannappasamy Nagar 1st Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.