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Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar 8th Street

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 8th 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 8th Street

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Kannappasamy Nagar 8th Street guideline value

The current guideline value of Kannappasamy Nagar 8th 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 8th Street has changed

The guideline value for Kannappasamy Nagar 8th Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, this value decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 1,000 per sq.ft in 2023, reflecting an increase of 87%. The latest revision in 2024 has set the value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

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

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, making the 2024 figure for Kannappasamy Nagar 8th Street slightly below this median.

Stamp duty and registration fee for property in Kannappasamy Nagar 8th 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, making the total fees together Rs 99,000. It is important to note that the 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 8th Street?

The Sub Registrar Office covering Kannappasamy Nagar 8th 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 further assistance.

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 need to be paid at the time of registration, ensuring that the transaction is officially recorded and recognized by the authorities.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. 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 8th Street?

The current guideline value of Kannappasamy Nagar 8th 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, increasing from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267%.

Where can I find the Sub Registrar Office for Kannappasamy Nagar 8th Street?

The Sub Registrar Office for Kannappasamy Nagar 8th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What is the median guideline value in Puzhal?

The median guideline value in Puzhal village is Rs 1,102 per sq.ft, with Kannappasamy Nagar 8th Street's 2024 figure being slightly below this median.