Guideline Value for Kanniamman Nagar

Kanniamman Nagar guideline value

The current guideline value of Kanniamman Nagar is Rs 900 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is classified as Residential Special Type - I. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Kanniamman Nagar has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 603 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 900 per sq.ft, resulting in a 49% increase from the 2017 figure.

Overall, from the 2012 to 2023 revisions, the guideline value has remained the same at Rs 900 per sq.ft. The register does not contain figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, the guideline value for Kanniamman Nagar is Rs 900 per sq.ft. There are no specific village figures provided for Rathinamangalam. The following are the other streets in Rathinamangalam:

Stamp duty and registration fee for property in Kanniamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kanniamman Nagar?

The Sub Registrar Office that covers Kanniamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Rathinamangalam, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction process.

When a property is sold, the sale price or the guideline value, whichever is higher, is taken into account for the purpose of taxation. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kanniamman Nagar?

The current guideline value of Kanniamman Nagar is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then back to Rs 900 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What is the stamp duty percentage for property in Kanniamman Nagar?

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

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

The Sub Registrar Office for Kanniamman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Kanniamman Nagar?

Kanniamman Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.