Guideline Value for Kannu Thottam

Kannu Thottam guideline value

The current guideline value of Kannu Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Kannu Thottam has changed

The guideline value for Kannu Thottam has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the current 2024 revision has further increased it to Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but it increased significantly by 49% from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 8%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that the value for Kannu Thottam is below the median.

• Kanniappan Street: Rs 1,300 per sq.ft (2024)
• Karimedu Colony Street: Rs 1,300 per sq.ft (2024)
• Kanniammal Koil Street: Rs 1,300 per sq.ft (2024)
• Kanniammal Koil Madam: Rs 1,300 per sq.ft (2024)
• Kannan Street: Rs 2,200 per sq.ft (2024)
• Kannagi Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kannu Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kannu Thottam?

The Sub Registrar Office that covers Kannu Thottam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kannu Thottam?

The current guideline value of Kannu Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,200 per sq.ft in 2012, decreased to Rs 804 per sq.ft in 2017, increased to Rs 1,200 per sq.ft in 2023, and is currently Rs 1,300 per sq.ft in 2024.

What is the land classification for Kannu Thottam?

Kannu Thottam is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Kannu Thottam?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Kannu Thottam?

The Royapuram Sub Registrar Office handles registrations for Kannu Thottam, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.