Guideline Value for Kanniamman street

Kanniamman street guideline value

The current guideline value of Kanniamman street in Malaipattu village is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kanniamman street has changed

From the 2012 revision to the 2017 revision, the guideline value for Kanniamman street decreased from Rs 180 per sq.ft to Rs 121 per sq.ft, marking a reduction of 33%. In the subsequent revisions, the value increased significantly, reaching Rs 181 per sq.ft in both the 2023 and 2024 revisions, which reflects a 50% increase from the 2017 figure. It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value has seen a marginal increase of 1%. The consistent value of Rs 181 per sq.ft in the last two revisions indicates stability in the guideline value for Kanniamman street.

Guideline values in Malaipattu

Malaipattu village has 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,181 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, positioning Kanniamman street's 2024 figure below this median.

• Kamarajar Salai: Rs 150 per sq.ft (2024)
• Kalaizhnar Street: Rs 150 per sq.ft (2024)
• Krishnamoorthy Salai: Rs 200 per sq.ft (2024)
• Kullakarai Street: Rs 150 per sq.ft (2024)
• Lakshmi Land: Rs 150 per sq.ft (2024)
• Golden City: Rs 441 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty, charged at 7%, would be Rs 12,670, while the registration fee at 2% would be Rs 3,620. Together, these fees total Rs 16,290. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kanniamman street?

The Sub Registrar Office that covers Kanniamman street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical component in the registration process for property transactions in Malaipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Kanniamman street?

The current guideline value of Kanniamman street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kanniamman street has seen changes from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then rising to Rs 181 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for properties on Kanniamman street?

The stamp duty for properties on Kanniamman street is 7%, and the registration fee is 2%. For a property valued at Rs 1,81,000, the total fees would amount to Rs 16,290.

Which Sub Registrar Office is responsible for Kanniamman street?

The Sunguvarchattram Sub Registrar Office is responsible for Kanniamman street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification of Kanniamman street?

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