Guideline Value for Kanniappan Nagar Bharathi Street

Kanniappan Nagar Bharathi Street guideline value

The current guideline value of Kanniappan Nagar Bharathi Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kanniappan Nagar Bharathi Street has changed

The guideline value for Kanniappan Nagar Bharathi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in the 2023 revision, and finally, it reached Rs 1,550 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,550 per sq.ft, which is equal to the 2024 guideline value of Kanniappan Nagar Bharathi Street.

• Kanniappan Nagar Balathandayutham Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Jeeva Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar M.G.R. Salai: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Murugesan Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Thiruvalluvar Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar T.V.K. Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniappan Nagar Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. 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 Nagar Bharathi Street?

The Kanniappan Nagar Bharathi Street falls under the jurisdiction of 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 Thirunageswaram

The guideline value is a crucial factor during the registration of properties in Thirunageswaram. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps to determine the minimum value at which a property can be registered. This ensures transparency in property transactions and helps in maintaining uniformity in property pricing across the region.

Frequently asked questions

What is the current guideline value of Kanniappan Nagar Bharathi Street?

The current guideline value of Kanniappan Nagar Bharathi Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,400 per sq.ft in 2012, decreased to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally reached Rs 1,550 per sq.ft in 2024.

What are the other streets in Thirunageswaram with the same guideline value?

Other streets in Thirunageswaram with the same guideline value of Rs 1,550 per sq.ft include Kanniappan Nagar Balathandayutham Street, Kanniappan Nagar Jeeva Street, Kanniappan Nagar M.G.R. Salai, Kanniappan Nagar Murugesan Street, Kanniappan Nagar Thiruvalluvar Street, and Kanniappan Nagar T.V.K. Street.

What is the registration fee for properties in Kanniappan Nagar Bharathi Street?

The registration fee for properties in Kanniappan Nagar Bharathi Street is calculated at 2% of the guideline value. For example, on a property valued at Rs 15,50,000, the registration fee would be Rs 31,000.

Which office do I need to visit for registration in Kanniappan Nagar Bharathi Street?

For property registration in Kanniappan Nagar Bharathi Street, you need to visit the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069.