Guideline Value for Kanniyammal Kadai Street

Kanniyammal Kadai Street guideline value

The current guideline value of Kanniyammal Kadai Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Kanniyammal Kadai Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 3,000 per sq.ft in the 2023 revision, and further increased to the current Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 9,400 per sq.ft, indicating that the 2024 figure for Kanniyammal Kadai Street is below this median.

• Kandasamy Naikkan Street: Rs 3,300 per sq.ft (2024)
• Kasthuribai Nagar 1st Cross Street: Rs 9,400 per sq.ft (2024)
• Kasthuribai Nagar 1st Main Road: Rs 15,400 per sq.ft (2024)
• Kasthuribai Nagar 2nd Cross Street: Rs 9,400 per sq.ft (2024)
• Kasthuribai Nagar 2nd Main Road: Rs 12,700 per sq.ft (2024)
• Kasthuribai Nagar 3rd Cross Street: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyammal Kadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanniyammal Kadai Street?

The Sub Registrar Office that covers Kanniyammal Kadai Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kanniyammal Kadai Street?

The current guideline value of Kanniyammal Kadai Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the classification of Kanniyammal Kadai Street?

Kanniyammal Kadai Street is classified as Residential Class IV Type - III under the Adayar SRO.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kanniyammal Kadai Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.