Guideline Value for Kanniga Colony

Kanniga Colony guideline value

The current guideline value of Kanniga Colony in Thalakanancherry village under the Alandur SRO is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Kanniga Colony has changed

The guideline value for Kanniga Colony has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 3,500 per sq.ft, and the most recent 2024 revision set it at Rs 3,900 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 11%. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Kanniga Colony aligns with this median.

• Kanniga Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Kanniga Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Kanniga Colony Main Road: 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

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, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanniga Colony?

The Sub Registrar Office that covers Kanniga Colony 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

When buying or selling property in Thalakanancherry, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which the property can be registered, ensuring transparency in property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kanniga Colony?

The current guideline value of Kanniga Colony is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 117% over the years.

What are the other streets in Thalakanancherry with similar guideline values?

Other streets in Thalakanancherry with a guideline value of Rs 3,900 per sq.ft include Kanniga Colony 1st Street, Kanniga Colony 2nd Street, and Kanniga Colony Main Road.

What is the registration fee for a property in Kanniga Colony?

The registration fee for a property in Kanniga Colony is calculated at 2% of the guideline value, in addition to the stamp duty of 7% on the higher of the guideline value or the sale price.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.