Guideline Value for Kavignar Kannadasan Nagar

Kavignar Kannadasan Nagar guideline value

The current guideline value for Kavignar Kannadasan Nagar is Rs 1,000 per sq.ft. This street is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Kavignar Kannadasan Nagar has changed

Over the years, the guideline value for Kavignar Kannadasan Nagar has experienced several revisions. The most recent revision in 2024 maintains the guideline value at Rs 1,000 per sq.ft, which is the same as the previous year’s figure from 2023. Prior to that, the 2017 revision set the value at Rs 670 per sq.ft, marking a significant increase of 49% in the following years.

In earlier revisions, the guideline value was Rs 1,000 per sq.ft in 2012, which was a decrease of 33% from Rs 1,000 per sq.ft in 2017. The 2007 revision recorded a value of Rs 441 per sq.ft, showing a substantial increase of 127% to the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by 127%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, which is equal to the guideline value of Kavignar Kannadasan Nagar.

• Karumuthu Thiyagaraja Nagar: Rs 1,000 per sq.ft (2024)
• K.M.A. Avenue: Rs 1,000 per sq.ft (2024)
• K.M.A. Nagar: Rs 1,000 per sq.ft (2024)
• Karthik Nagar Extn: Rs 1,000 per sq.ft (2024)
• Karthik Nagar: Rs 1,000 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kavignar Kannadasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavignar Kannadasan Nagar?

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

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

The guideline value plays a crucial role when buying or selling property in Adhanoor. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration. Buyers and sellers should be aware that the guideline value is a standard reference set by the government and is essential for legal documentation.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is advisable for both buyers and sellers to check the current guideline value before proceeding with any transactions.

Frequently asked questions

What is the current guideline value of Kavignar Kannadasan Nagar?

The current guideline value of Kavignar Kannadasan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,000 per sq.ft in 2024, unchanged from 2023. The value was Rs 670 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kavignar Kannadasan Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Kavignar Kannadasan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets with the same guideline value in Adhanoor?

Yes, there are several other streets in Adhanoor that share the same guideline value of Rs 1,000 per sq.ft, including Karumuthu Thiyagaraja Nagar, K.M.A. Avenue, K.M.A. Nagar, Karthik Nagar Extn, Karthik Nagar, and K.P.S. Nagar.