Guideline Value

Corporate

Guideline Value for Kanniappan Garden

₹1430/sq.ft.

The guideline value for Kanniappan Garden in Kovur village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovur

Village

Kunrathur

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kanniappan Garden

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Kanniappan Garden guideline value

The current guideline value of Kanniappan Garden is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kovur village under the Kunrathur SRO, classified as Mixed Type - I land.

How the guideline value of Kanniappan Garden has changed

The guideline value for Kanniappan Garden has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 871 per sq.ft in 2017. The value then rose to Rs 1,300 per sq.ft in 2023, followed by a further increase to Rs 1,430 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The revision from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was remarkable at 420%. Overall, from 2007 to 2024, the guideline value has increased by 472%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Kanniappan Garden's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Kanniappan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the 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 Kanniappan Garden?

The Sub Registrar Office that covers Kanniappan Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kovur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider this value as it directly impacts the overall cost of the transaction.

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 of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kanniappan Garden?

The current guideline value of Kanniappan Garden is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Kanniappan Garden?

The registration office for Kanniappan Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,30,000 would incur a stamp duty of Rs 1,00,100 at 7%.

What are the other streets in Kovur with their guideline values?

Other streets in Kovur include Kanabiran Koil Street at Rs 1,650 per sq.ft, Kalyani Nagar at Rs 2,630 per sq.ft, Kalyani Avenue and K.N.B. Nagar both at Rs 1,430 per sq.ft, Kilaku Madaveethi Street at Rs 1,320 per sq.ft, and Krishna Street (Suresh Nagar) at Rs 1,650 per sq.ft.