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Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar 28th Street

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 28th 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 28th Street

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Kannappasamy Nagar 28th Street guideline value

The current guideline value of Kannappasamy Nagar 28th 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 28th Street has changed

The guideline value for Kannappasamy Nagar 28th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The specific changes between revisions include a 167% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, an 87% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register does not have figures for this street for the years 2002 and 2003.

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, indicating that the 2024 figure for Kannappasamy Nagar 28th Street is slightly below this median.

Stamp duty and registration fee for property in Kannappasamy Nagar 28th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannappasamy Nagar 28th Street?

The Sub Registrar Office that covers Kannappasamy Nagar 28th 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 when registering property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar 28th Street?

The current guideline value of Kannappasamy Nagar 28th 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 guideline values of other streets in Puzhal?

Other streets in Puzhal under the Redhills SRO have a guideline value of Rs 1,100 per sq.ft for 2024, similar to Kannappasamy Nagar 28th Street.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Puzhal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.