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Guideline Value

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Guideline Value for Kanniamman Nagar Annex Part-1

₹1003/sq.ft.

The guideline value for Kanniamman Nagar Annex Part-1 in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1003 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1003 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanniamman Nagar Annex Part-1

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Kanniamman Nagar Annex Part-1 guideline value

The current guideline value of Kanniamman Nagar Annex Part-1 is Rs 1,003 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kanniamman Nagar Annex Part-1 has changed

The guideline value for Kanniamman Nagar Annex Part-1 has undergone several revisions over the years. The earliest available figure is from 2007, when the value was Rs 500 per sq.ft. In 2012, this value increased to Rs 800 per sq.ft, marking a 60% rise. However, in 2017, the value decreased to Rs 536 per sq.ft, representing a decline of 33%. The most recent revision in 2024 shows a significant increase to Rs 1,003 per sq.ft, which is an 87% rise from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 101%. The register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value is Rs 1,003 per sq.ft, which is the same as the guideline value for Kanniamman Nagar Annex Part-1.

Stamp duty and registration fee for property in Kanniamman Nagar Annex Part-1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value amounts to Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, bringing the total to Rs 90,270. 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 Nagar Annex Part-1?

The Sub Registrar Office that covers Kanniamman Nagar Annex Part-1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to assess the tax obligations. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected for the transaction.

Frequently asked questions

What is the current guideline value of Kanniamman Nagar Annex Part-1?

The current guideline value of Kanniamman Nagar Annex Part-1 is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,003 per sq.ft in 2024, showing an overall increase of 101% over the years.

What are the other streets in Vadaperumbakkam with similar guideline values?

Other streets in Vadaperumbakkam with similar guideline values include Kanniamman Nagar Extn. and Kanniamman Nagar, both at Rs 1,003 per sq.ft, along with Kanna Nagar, Kandhasamy Nagar, and Jaya Nagar Extn - II, all at Rs 1,000 per sq.ft.

What is the registration fee for property in Kanniamman Nagar Annex Part-1?

The registration fee for property in Kanniamman Nagar Annex Part-1 is calculated based on the guideline value. For a property valued at Rs 10,03,000, the registration fee at 2% would be Rs 20,060.

Where is the Sub Registrar Office for Kanniamman Nagar Annex Part-1 located?

The Sub Registrar Office for Kanniamman Nagar Annex Part-1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.