Guideline Value for Kanniamman Koil Street Cross Street

Kanniamman Koil Street Cross Street guideline value

The current guideline value of Kanniamman Koil Street Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Kanniamman Koil Street Cross Street has changed

The guideline value for this street has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,407 per sq.ft. This increased significantly to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the value at Rs 2,350 per sq.ft, which is a further increase of 12% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Kanniamman Koil Street Cross Street's 2024 value above this median.

• Kanniamman Koil Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Chenguttuvan Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji 1st Cross Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji 3rd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Koil Street Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. It is important to note that the 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 Kanniamman Koil Street Cross Street?

The Kanniamman Koil Street Cross Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs that need to be considered during the transaction. This ensures that both buyers and sellers are aware of the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Kanniamman Koil Street Cross Street?

The current guideline value of Kanniamman Koil Street Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,407 per sq.ft in 2017 to Rs 2,099 per sq.ft in 2023, and now to Rs 2,350 per sq.ft in 2024, showing significant increases over the years.

What is the land classification for Kanniamman Koil Street Cross Street?

Kanniamman Koil Street Cross Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Kanniamman Koil Street Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at 7%.