Guideline Value for Kannathasan Street (senthil nagar)

Kannathasan Street (senthil nagar) guideline value

The current guideline value of Kannathasan Street (senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Kannathasan Street (senthil nagar) has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 317%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,700 per sq.ft in the 2024 revision, which is an 8% rise.

Overall, from 2007 to 2024, the guideline value has increased by 350%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Kannathasan Street (senthil nagar) above this median.

• Kannappan Street: Rs 1,900 per sq.ft (2024)
• Karikalan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Karmegam Street: Rs 1,900 per sq.ft (2024)
• Karpagam Avenue: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar: Rs 990 per sq.ft (2024)
• Kambar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kannathasan Street (senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kannathasan Street (senthil nagar)?

The Sub Registrar Office that covers Kannathasan Street (senthil nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the fair value of the property being transacted. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kannathasan Street (senthil nagar)?

The current guideline value of Kannathasan Street (senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 600 per sq.ft in 2007, rising to Rs 2,500 in 2012, dropping to Rs 1,675 in 2017, increasing to Rs 2,500 in 2023, and finally reaching Rs 2,700 in 2024.

What is the land classification of Kannathasan Street (senthil nagar)?

Kannathasan Street (senthil nagar) is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kannathasan Street (senthil nagar)?

The Sub Registrar Office for Kannathasan Street (senthil nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.