Guideline Value for Kanniamman Koil Street

Kanniamman Koil Street guideline value

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

How the guideline value of Kanniamman Koil Street has changed

The guideline value for Kanniamman Koil Street has seen significant changes over the years. The earliest recorded value was Rs 190 per sq.ft in 2003, which increased to Rs 420 per sq.ft in 2007, marking a 121% rise. By 2017, the value jumped to Rs 1,407 per sq.ft, reflecting a substantial increase of 235%. The 2023 revision set the value at Rs 2,099 per sq.ft, which was a 49% increase from the previous revision. The current value of Rs 2,350 per sq.ft from the 2024 revision represents a 12% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1137%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Rs 2,350 per sq.ft for Kanniamman Koil Street is above this median.

• Kanniamman Koil Street Cross 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees together to Rs 2,11,500. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Kanniamman Koil Street?

The Sub Registrar Office that covers Kanniamman Koil Street is 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is registered, the guideline value is used to assess the transaction value, ensuring that the appropriate fees are collected based on this established value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kanniamman Koil Street?

The current guideline value of Kanniamman Koil 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 increased significantly from Rs 190 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 1137% over this period.

Which Sub Registrar Office covers Kanniamman Koil Street?

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

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

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500, and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

What is the land classification for Kanniamman Koil Street?

Kanniamman Koil Street is classified as Residential Class III Type - I according to the local land classification guidelines.