Guideline Value for Kanniamman St

Kanniamman St guideline value

The current guideline value of Kanniamman St is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Kanniamman St has changed

Over the years, the guideline value of Kanniamman St has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, it decreased to Rs 1,340 per sq.ft, a reduction of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 shows a substantial increase of 450% in the guideline value.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Kanniamman St is below this median.

• KanniyammanKoil Street: Rs 2,200 per sq.ft (2024)
• Kannan Nagar: Rs 2,200 per sq.ft (2024)
• Kannadapalayam South St: Rs 3,300 per sq.ft (2024)
• Kannadapalayam Road: Rs 3,300 per sq.ft (2024)
• Kannadapalayam North St: Rs 3,300 per sq.ft (2024)
• Kannadapalayam Melandai St: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Kanniamman St?

The Sub Registrar Office that covers Kanniamman St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction process. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kanniamman St?

The current guideline value of Kanniamman St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 450% over the years.

What are the registration fees for properties on Kanniamman St?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Kanniamman St?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Kanniamman St, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kanniamman St?

Kanniamman St is classified as Residential Class I Type - II, indicating its suitability for residential purposes.