Guideline Value for Kanniamman Nagar Extn.

Kanniamman Nagar Extn. guideline value

The current guideline value of Kanniamman Nagar Extn. is Rs 1,003 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kanniamman Nagar Extn. has changed

The guideline value for Kanniamman Nagar Extn. has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The most recent revision in 2024 shows 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%. The register does not provide 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, with a median value of Rs 1,003 per sq.ft. The guideline value for Kanniamman Nagar Extn. is equal to this median.

• Kanniamman Nagar Annex Part-1: Rs 1,003 per sq.ft (2024)
• Kanniamman Nagar Annex: 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 Extn.

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. 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 details.

Which Sub Registrar Office covers Kanniamman Nagar Extn.?

The Sub Registrar Office that covers Kanniamman Nagar Extn. 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 during property registration in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Kanniamman Nagar Extn.?

The current guideline value of Kanniamman Nagar Extn. 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, marking an overall increase of 101% during this period.

What is the stamp duty for property in Kanniamman Nagar Extn.?

The stamp duty for property in Kanniamman Nagar Extn. is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kanniamman Nagar Extn.?

The Redhills Sub Registrar Office handles property registrations for Kanniamman Nagar Extn.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.