Guideline Value for Kennadi Nagar 3rd Street

Kennadi Nagar 3rd Street guideline value

The current guideline value of Kennadi Nagar 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Kennadi Nagar 3rd Street has changed

The guideline value for Kennadi Nagar 3rd Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision, marking a change of 49%. The current 2024 revision reflects a further increase to Rs 2,350 per sq.ft, which is a rise of 12% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value range from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Kennadi Nagar 3rd Street's current value above this median.

• Kennadi Nagar IInd Street: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Kenndy Nagar: Rs 2,350 per sq.ft (2024)
• K.B.R. Nagar: Rs 1,760 per sq.ft (2024)
• Kaveri Street: Rs 1,760 per sq.ft (2024)
• K.K.Sha 1st Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kennadi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total charges to Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Kennadi Nagar 3rd Street?

The Sub Registrar Office that covers Kennadi Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering a property in Anakaputhur. It determines the minimum price at which the property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as per the government's assessment. This value is crucial for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Kennadi Nagar 3rd Street?

The current guideline value of Kennadi Nagar 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67% over this period.

What is the land classification for Kennadi Nagar 3rd Street?

Kennadi Nagar 3rd Street is classified as Residential Class III Type - I, indicating its designation for residential use.

Where is the Sub Registrar Office for Kennadi Nagar 3rd Street located?

The Sub Registrar Office for Kennadi Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for property in Kennadi Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty at 7% would be Rs 1,64,500.