Guideline Value for Kanniyamma Nagar

Kanniyamma Nagar guideline value

The current guideline value of Kanniyamma Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Kanniyamma Nagar has changed

The guideline value for Kanniyamma Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a change of +49%. The most recent revision in 2024 raised the guideline value to Rs 800 per sq.ft, reflecting an increase of +14% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +71%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kanniyamma Nagar's 2024 figure below this median.

• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• Krishna Nagar: Rs 875 per sq.ft (2024)
• Krishna Nagar Extension: Rs 875 per sq.ft (2024)
• Kumarakottam Nagar: Rs 1,100 per sq.ft (2024)
• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)
• Jeeva Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyamma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kanniyamma Nagar?

Kanniyamma Nagar is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a critical factor when buying or selling property in Sevilimadu - A, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in the property transfer.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. It is essential for both parties in a transaction to be aware of this value to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Kanniyamma Nagar?

The current guideline value of Kanniyamma Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 800 per sq.ft in 2024, marking an overall increase of +71% over this period.

What are the stamp duty and registration fees for properties in Kanniyamma Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office handles Kanniyamma Nagar?

The Kanchipuram Joint II Sub Registrar Office handles Kanniyamma Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

Are there other streets with different guideline values in Sevilimadu - A?

Yes, there are other streets in Sevilimadu - A with varying guideline values, ranging from Rs 800 to Rs 2,200 per sq.ft, with the median value being Rs 1,100 per sq.ft.