Guideline Value for Kanniappan Nagar Jeeva Street

Kanniappan Nagar Jeeva Street guideline value

The current guideline value of Kanniappan Nagar Jeeva Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kanniappan Nagar Jeeva Street has changed

The guideline value for Kanniappan Nagar Jeeva Street has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then to Rs 1,550 per sq.ft in 2024, marking an 11% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 11%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%.

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 guideline value for these streets is Rs 1,550 per sq.ft, which is equal to the 2024 figure for Kanniappan Nagar Jeeva Street.

• Kanniappan Nagar Bharathi Street: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar M.G.R. Salai: Rs 1,550 per sq.ft (2024)
• Kanniappan Nagar Balathandayutham Street: 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 Jeeva Street

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

Which Sub Registrar Office covers Kanniappan Nagar Jeeva Street?

The Sub Registrar Office that covers Kanniappan Nagar Jeeva Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kunrathur, 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 when registering a property in Thirunageswaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official value set by the government.

During the registration process, the guideline value helps determine the legal documentation and taxation applicable to the property transaction. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Kanniappan Nagar Jeeva 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 changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Kanniappan Nagar Jeeva Street?

The land classification for Kanniappan Nagar Jeeva Street is Residential Special Type - II.

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

Several other streets in Thirunageswaram also have a guideline value of Rs 1,550 per sq.ft for 2024, including Kanniappan Nagar Bharathi Street, Kanniappan Nagar M.G.R. Salai, and others.

Where can I find the Sub Registrar Office for Kanniappan Nagar Jeeva Street?

The Sub Registrar Office for Kanniappan Nagar Jeeva Street is located at No.59, Road Street, Kunrathur, Chennai -600 069.