Guideline Value for Kennadi Nagar IInd Street

Kennadi Nagar IInd Street guideline value

The current guideline value of Kennadi Nagar IInd 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 IInd Street has changed

The guideline value for Kennadi Nagar IInd Street has undergone several revisions over the years. The oldest available figure is from 2017, which was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 sets the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

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

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Kennadi Nagar IInd Street is above this median.

• Kennadi Nagar 3rd 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 IInd Street

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

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

Which Sub Registrar Office covers Kennadi Nagar IInd Street?

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

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

The guideline value is a crucial factor during property registration in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kennadi Nagar IInd Street?

The current guideline value of Kennadi Nagar IInd Street is Rs 2,350 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 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

What are the other streets in Anakaputhur with similar guideline values?

Other streets in Anakaputhur with a guideline value of Rs 2,350 per sq.ft include Kennadi Nagar 3rd Street, Kennadi Nagar Ist Street, and Kenndy Nagar.

What fees are associated with buying property in Kennadi Nagar IInd Street?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Pammal Sub Registrar Office, which covers Kennadi Nagar IInd Street, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.