Guideline Value for Kanniamman Koil st ( Ward No.26 )

Kanniamman Koil st ( Ward No.26 ) guideline value

The current guideline value for Kanniamman Koil st ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kanniamman Koil st ( Ward No.26 ) has changed

The guideline value for Kanniamman Koil st has seen several revisions over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 62%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median of Rs 1,600 per sq.ft. The guideline value for Kanniamman Koil st is below this median.

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

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 to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kanniamman Koil st ( Ward No.26 )?

The Sub Registrar Office that covers Kanniamman Koil st ( Ward No.26 ) 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 critical factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value for Kanniamman Koil st ( Ward No.26 )?

The current guideline value for Kanniamman Koil st ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62%.

What was the guideline value in 2023?

The guideline value for Kanniamman Koil st was Rs 1,200 per sq.ft in 2023, which was an increase of 49% from the 2017 figure.

Is there a guideline value for Kanniamman Koil st for the years 2002, 2003, 2007, and 2012?

No, the register has no figures for Kanniamman Koil st for the years 2002, 2003, 2007, and 2012.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.