Guideline Value

Corporate

Guideline Value for Kannigapuram 12th Street

₹3850/sq.ft.

The guideline value for Kannigapuram 12th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kannigapuram 12th Street

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Kannigapuram 12th Street guideline value

The current guideline value of Kannigapuram 12th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kannigapuram 12th Street has changed

The guideline value for Kannigapuram 12th Street has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are from 2023, where the value was Rs 3,500 per sq.ft, and in 2024, it increased to Rs 3,850 per sq.ft, marking a change of +10%.

Prior to the 2023 revision, the register has no figures for Kannigapuram 12th Street. The current value of Rs 3,850 per sq.ft reflects the latest revision and is indicative of the street's current standing in the Velachery area.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Kannigapuram 12th Street's 2024 figure below this median.

Stamp duty and registration fee for property in Kannigapuram 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannigapuram 12th Street?

The Sub Registrar Office that covers Kannigapuram 12th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value is typically referenced to calculate the applicable duties and fees. It is essential for both parties to understand how this value affects the overall transaction costs.

Frequently asked questions

What is the current guideline value of Kannigapuram 12th Street?

The current guideline value of Kannigapuram 12th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Kannigapuram 12th Street?

Kannigapuram 12th Street is classified as Residential Class II Type - III, indicating its designation for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Kannigapuram 12th Street is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Kannigapuram 12th Street located?

The Velacheri Sub Registrar Office, which covers Kannigapuram 12th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.