Guideline Value for Kanniappan Nagar Thiruvalluvar Street

Kanniappan Nagar Thiruvalluvar Street guideline value

The current guideline value of Kanniappan Nagar Thiruvalluvar 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 Thiruvalluvar Street has changed

The guideline value for Kanniappan Nagar Thiruvalluvar Street has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which 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 rose again to the current value of Rs 1,550 per sq.ft in 2024. The change from 2023 to 2024 reflects an increase of 11%, while the jump from 2017 to 2023 represents a 49% increase. Overall, from 2012 to 2024, there has been an 11% increase in the guideline value.

It is important to note that there are no recorded figures for Kanniappan Nagar Thiruvalluvar Street in the revisions for the years 2002, 2003, and 2007.

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

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

Stamp duty and registration fee for property in Kanniappan Nagar Thiruvalluvar 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, charged at 7%, would amount to Rs 1,08,500, while the registration fee at 2% would be Rs 31,000. The total cost for these fees would be 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 to estimate your costs.

Which Sub Registrar Office covers Kanniappan Nagar Thiruvalluvar Street?

Kanniappan Nagar Thiruvalluvar Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, click here.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the current guideline value to avoid overpaying and for sellers to price their properties competitively.

Frequently asked questions

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

The current guideline value of Kanniappan Nagar Thiruvalluvar 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 registration office for Kanniappan Nagar Thiruvalluvar Street?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at a rate of 7%.

What is the land classification for Kanniappan Nagar Thiruvalluvar Street?

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