Guideline Value for Kanniamman Nagar Annex

Kanniamman Nagar Annex guideline value

The current guideline value of Kanniamman Nagar Annex 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 has changed

The guideline value for Kanniamman Nagar Annex has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it decreased to Rs 536 per sq.ft in 2017. The most recent revision in 2024 saw a significant increase to Rs 1,003 per sq.ft, marking an 87% rise from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 101%. Notably, there are no figures available for the revisions in 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 guideline value for these streets is Rs 1,003 per sq.ft, which is equal to the current figure for Kanniamman Nagar Annex.

• Kanniamman Nagar Annex Part-1: Rs 1,003 per sq.ft (2024)
• Kanniamman Nagar: Rs 1,000 per sq.ft (2024)
• Kanniamman Nagar Extn.: Rs 1,003 per sq.ft (2024)
• Kanna Nagar: Rs 1,000 per sq.ft (2024)
• Kandhasamy Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar Extn - II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, and the registration fee at 2% would be Rs 20,060, bringing the total cost to Rs 90,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanniamman Nagar Annex?

The Sub Registrar Office that covers Kanniamman Nagar Annex 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kanniamman Nagar Annex?

The current guideline value of Kanniamman Nagar Annex 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 guideline values?

Other streets in Vadaperumbakkam include Kanniamman Nagar Annex Part-1, Kanniamman Nagar, Kanniamman Nagar Extn., Kanna Nagar, Kandhasamy Nagar, and Jaya Nagar Extn - II, with rates ranging from Rs 1,000 to Rs 1,003 per sq.ft in 2024.

What is the registration fee for properties in Kanniamman Nagar Annex?

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

Where can I find the Sub Registrar Office for Kanniamman Nagar Annex?

The Sub Registrar Office for Kanniamman Nagar Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information by visiting the provided link.