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Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar 23rd Street

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 23rd 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 23rd Street

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Kannappasamy Nagar 23rd Street guideline value

The current guideline value of Kannappasamy Nagar 23rd 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 23rd Street has changed

The guideline value for Kannappasamy Nagar 23rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 167%. However, between 2012 and 2017, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, reflecting an increase of 87%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 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 of Kannappasamy Nagar 23rd Street is slightly below this median.

Stamp duty and registration fee for property in Kannappasamy Nagar 23rd 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 amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kannappasamy Nagar 23rd Street?

The Sub Registrar Office that covers Kannappasamy Nagar 23rd 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 property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when registering property transactions. This value is used by the registration department to calculate the applicable taxes based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that their sale price aligns with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar 23rd Street?

The current guideline value of Kannappasamy Nagar 23rd 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 the years.

What are the other streets in Puzhal with the same guideline value?

Other streets in Puzhal under the Redhills SRO with the same 2024 guideline value of Rs 1,100 per sq.ft include Kannappasamy Nagar 22nd Street, 24th Street, 21st Street, 25th Street, 20th Street, and 27th Street.

What is the stamp duty for property in Kannappasamy Nagar 23rd Street?

The stamp duty for property in Kannappasamy Nagar 23rd Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

Where can I find the Sub Registrar Office for Kannappasamy Nagar 23rd Street?

The Sub Registrar Office for Kannappasamy Nagar 23rd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.