Guideline Value

Corporate

Guideline Value for Kannappasamy Nagar

₹1100/sq.ft.

The guideline value for Kannappasamy Nagar 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 ₹114 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1111 /sq.ft.
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

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Kannappasamy Nagar guideline value

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

How the guideline value of Kannappasamy Nagar has changed

The guideline value for Kannappasamy Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,111 per sq.ft. It dropped to Rs 114 per sq.ft in 2003, then increased to Rs 300 per sq.ft in 2007. The 2012 revision set the value at Rs 800 per sq.ft, but it decreased significantly to Rs 536 per sq.ft in 2017. Following that, the value rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 established it at Rs 1,100 per sq.ft.

Examining the changes, from 2002 to 2003, there was a decrease of 90%. The value increased by 163% from 2003 to 2007, followed by a 167% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 87% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has decreased by 1%.

Guideline values in Puzhal

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

Stamp duty and registration fee for property in Kannappasamy Nagar

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 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kannappasamy Nagar?

The Sub Registrar Office covering Kannappasamy Nagar 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 critical factor during the registration process of property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kannappasamy Nagar?

The current guideline value of Kannappasamy Nagar 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 multiple times, starting from Rs 1,111 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024. There have been significant fluctuations, including a drop in 2003 and increases in later revisions.

What is the land classification of Kannappasamy Nagar?

Kannappasamy Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for properties in Kannappasamy Nagar?

The stamp duty for properties in Kannappasamy Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.