Guideline Value for Kennadi Nagar Ist Street

Kennadi Nagar Ist Street guideline value

The current guideline value of Kennadi Nagar Ist 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 falls under the Residential Class III Type - I land classification.

How the guideline value of Kennadi Nagar Ist Street has changed

The guideline value for Kennadi Nagar Ist Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 2,350 per sq.ft, reflecting a 12% change from the previous year.

Notably, 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

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging 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 Ist Street's 2024 figure above this median.

• Kennadi Nagar IInd Street: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar 3rd 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 Ist 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% is Rs 1,64,500, and the registration fee at 2% is 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kennadi Nagar Ist Street?

The Sub Registrar Office covering Kennadi Nagar Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 determines the minimum price at which a property can be registered, ensuring that transactions are recorded at a fair value as per government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,099 per sq.ft in 2023, and now to Rs 2,350 per sq.ft in 2024. This represents a 67% increase overall from 2017 to 2024.

What is the land classification for Kennadi Nagar Ist Street?

Kennadi Nagar Ist Street falls under the Residential Class III Type - I land classification, indicating its suitability for residential purposes.

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

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

How is stamp duty calculated for properties in Kennadi Nagar Ist Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a 1,000 sq.ft plot at the current guideline value incurs a total of Rs 2,11,500 in fees, which includes both stamp duty and registration fees.