Guideline Value for Kannapuram Nagar

Kannapuram Nagar guideline value

The current guideline value of Kannapuram Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, falling under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kannapuram Nagar has changed

The guideline value for Kannapuram Nagar has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has raised it further to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year. Notably, the overall increase from 2017 to 2024 amounts to 62%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The substantial rise from Rs 804 in 2017 to Rs 1,300 in 2024 reflects significant changes in the guideline value over this period, particularly a 49% increase from 2017 to 2023.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, placing Kannapuram Nagar's 2024 figure below this median.

• Kannapuram ( Ward No.18 ): Rs 1,300 per sq.ft (2024)
• Kanniammal Nagar: Rs 2,200 per sq.ft (2024)
• Kanniamman Koil Street: Rs 1,300 per sq.ft (2024)
• Kanniamman Koil st ( Ward No.26 ): Rs 1,300 per sq.ft (2024)
• Kanniga Garden (Ward-01): Rs 1,300 per sq.ft (2024)
• Kannan Nagar (Ward-19): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kannapuram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannapuram Nagar?

The Sub Registrar Office that covers Kannapuram Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Kannapuram Nagar?

The current guideline value of Kannapuram Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 62% over this period.

What are the stamp duty and registration fees for property in Kannapuram Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Kannapuram Nagar?

The Madhavaram Sub Registrar Office covers Kannapuram Nagar, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Where can I find more information about guideline values in Madhavaram?

For more information about guideline values in Madhavaram, you can refer to the Registration Department's guideline value register or visit the Madhavaram SRO.