Guideline Value for Kanniyappan Nagar

Kanniyappan Nagar guideline value

The current guideline value of Kanniyappan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Polacheri village and falls under the Gooduvancheri Sub Registrar Office. The land classification for this locality is Residential Special Type - II.

How the guideline value of Kanniyappan Nagar has changed

The guideline value for Kanniyappan Nagar has undergone revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. The most recent revision in 2023 increased this value significantly to Rs 1,200 per sq.ft, marking an increase of 49% from the previous revision.

It is important to note that there are no figures available for the years 2002, 2003, 2007, 2012, and 2024 in the guideline value register for this street. Therefore, the only revisions with recorded figures are from 2017 and 2023.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. However, Kanniyappan Nagar is included in the guideline value listings for the area. There are no other streets in Polacheri under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kanniyappan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, and the registration fee, charged at 2%, would be Rs 24,000. Together, these fees total Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanniyappan Nagar?

The Sub Registrar Office that covers Kanniyappan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Polacheri. It serves as a benchmark for calculating stamp duty and registration fees during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value will be used to determine the applicable fees. It is essential for both parties involved in the transaction to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kanniyappan Nagar?

The current guideline value of Kanniyappan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 49%, from Rs 804 per sq.ft to Rs 1,200 per sq.ft.

Are there any guideline value figures for the years 2002, 2003, 2007, 2012, and 2024?

No, the register has no figures for Kanniyappan Nagar for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty rates for properties in Kanniyappan Nagar?

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

Which office handles property registrations in Kanniyappan Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations in Kanniyappan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.