Guideline Value for Kanniappan Nagar Murugesan Street

Kanniappan Nagar Murugesan Street guideline value

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

How the guideline value of Kanniappan Nagar Murugesan Street has changed

The guideline value for Kanniappan Nagar Murugesan 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 the 2024 revision, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Comparing the overall change from 2012 to 2024, the guideline value has increased by 11%. 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, with the median value being Rs 1,550 per sq.ft. Kanniappan Nagar Murugesan Street's 2024 guideline value is equal to this median.

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

Stamp duty and registration fee for property in Kanniappan Nagar Murugesan 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 fees together to Rs 1,39,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kanniappan Nagar Murugesan Street?

The Kanniappan Nagar Murugesan Street is covered by 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 plays a crucial role in the registration process for property transactions in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the registration department.

When buying or selling property, the guideline value is used to assess the transaction value, and it is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500.

Which office handles registrations for Kanniappan Nagar Murugesan Street?

The Kunrathur Sub Registrar Office handles registrations for Kanniappan Nagar Murugesan Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Kanniappan Nagar Murugesan Street?

Kanniappan Nagar Murugesan Street is classified as Residential Special Type - II according to the registration department's guidelines.