Guideline Value for Kanniyamman Nagar

Kanniyamman Nagar guideline value

The current guideline value of Kanniyamman Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kanniyamman Nagar has changed

The guideline value for Kanniyamman Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, an increase of 10% from the 2023 figure of Rs 1,300 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 871 per sq.ft, marking a significant increase of 49% to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is worth noting that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO, with guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, making the current figure for Kanniyamman Nagar below that median.

• Karaima Nagar: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Mettu Street: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Palla Street: Rs 1,430 per sq.ft (2024)
• Karaimedu Mayana Salai: Rs 1,430 per sq.ft (2024)
• Karuneegar Street: Rs 1,430 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600. Together, the total cost for these fees would be Rs 1,28,700. 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 accurate estimates based on your property transaction.

Which Sub Registrar Office covers Kanniyamman Nagar?

The Sub Registrar Office that covers Kanniyamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures that the transaction is compliant with legal requirements. Buyers should also consider the guideline value when negotiating the sale price, as it can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kanniyamman Nagar?

The current guideline value of Kanniyamman Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current guideline value of Kanniyamman Nagar.

What are the stamp duty rates for property in Kanniyamman Nagar?

The stamp duty for property in Kanniyamman Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kanniyamman Nagar?

The Kunrathur Sub Registrar Office covers Kanniyamman Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.