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Guideline Value

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Guideline Value for Kanniamman Nagar Annex Part-I

₹770/sq.ft.

The guideline value for Kanniamman Nagar Annex Part-i in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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-i

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Kanniamman Nagar Annex Part-I guideline value

The current guideline value of Kanniamman Nagar Annex Part-I is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class I Type - I.

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

The guideline value for Kanniamman Nagar Annex Part-I has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, there was a decrease to Rs 469 per sq.ft in 2017. The value then rose significantly to Rs 700 per sq.ft in 2023, and most recently, it has increased to Rs 770 per sq.ft in the 2024 revision. The register does not contain figures for the years 2002 and 2003 for this street.

When examining the percentage changes, the guideline value increased by 40% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 54%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median guideline value in this village is Rs 440 per sq.ft, placing Kanniamman Nagar Annex Part-I above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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-I?

The Sub Registrar Office that covers Kanniamman Nagar Annex Part-I 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 Vilangadupakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Vilangadupakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. The buyer or seller will need to ensure that the transaction adheres to the current guideline value to avoid any discrepancies.

When a property is sold, the guideline value is considered to ensure that the sale price is in line with the established rates. This helps maintain transparency and fairness in property transactions, as the guideline value reflects the official pricing set by the authorities.

Frequently asked questions

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

The current guideline value of Kanniamman Nagar Annex Part-I 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 500 in 2007 to Rs 770 in 2024, with various increases and decreases in between, including a significant rise of 49% from 2017 to 2023.

What is the land classification for Kanniamman Nagar Annex Part-I?

The land classification for Kanniamman Nagar Annex Part-I is Residential Class I Type - I, indicating its suitability for residential development.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Kanniamman Nagar Annex Part-I?

The stamp duty for properties in Kanniamman Nagar Annex Part-I is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.