Guideline Value for Kanniga Colony Main Road

Kanniga Colony Main Road guideline value

The current guideline value of Kanniga Colony Main Road is Rs 3,900 per sq.ft. It is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Kanniga Colony Main Road has changed

Over the years, the guideline value of Kanniga Colony Main Road has seen several revisions. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, from 2012 to 2017, there was a significant decrease of 33%, bringing the value down to Rs 2,345 per sq.ft. The subsequent revisions saw the value rise again to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, the increase was notable at 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 117%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with the 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which matches the current guideline value of Kanniga Colony Main Road.

• Kanniga Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Kanniga Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Kanniga Colony: Rs 3,900 per sq.ft (2024)
• Kanni Tamizh Street: Rs 2,800 per sq.ft (2024)
• Kannan Street: Rs 4,400 per sq.ft (2024)
• Kannan Nagar Koot Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniga Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total charges together Rs 3,51,000. 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 Kanniga Colony Main Road?

The Sub Registrar Office that covers Kanniga Colony Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for additional information.

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

The guideline value plays a crucial role when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for all property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kanniga Colony Main Road?

The current guideline value of Kanniga Colony Main Road is Rs 3,900 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting a total increase of 117% over this period.

What is the land classification for Kanniga Colony Main Road?

Kanniga Colony Main Road is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Kanniga Colony Main Road?

The registration office for Kanniga Colony Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thalakanancherry?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.