Guideline Value for Kanniammal Koil Street

Kanniammal Koil Street guideline value

The current guideline value of Kanniammal Koil Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thundalkazhani village, under the Padappai SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kanniammal Koil Street has changed

The guideline value for Kanniammal Koil Street has seen several revisions over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 770 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thundalkazhani

In Thundalkazhani, there are 10 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is equal to the guideline value of Kanniammal Koil Street.

• Maha Lakshmi Nagar: Rs 830 per sq.ft (2024)
• Manimangalam Road: Rs 770 per sq.ft (2024)
• M.R.T.Nagar: Rs 660 per sq.ft (2024)
• Arignar Anna Street: Rs 770 per sq.ft (2024)
• Ramaiah Nagar: Rs 550 per sq.ft (2024)
• Ramaiah Nagar Extension: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniammal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these charges to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanniammal Koil Street?

Kanniammal Koil Street falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when buying or selling property in Thundalkazhani. It serves as the basis for calculating the stamp duty and registration fees that are payable during the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current rates set by the government. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kanniammal Koil Street?

The current guideline value of Kanniammal Koil Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Kanniammal Koil Street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kanniammal Koil Street?

Kanniammal Koil Street is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Kanniammal Koil Street?

The land classification for Kanniammal Koil Street is Residential Special Type - I, indicating its designated use for residential purposes.