Guideline Value for Kenndy Nagar

Kenndy Nagar guideline value

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

How the guideline value of Kenndy Nagar has changed

The guideline value of Kenndy Nagar has seen significant changes over the years. In 2003, the value was Rs 156 per sq.ft, which increased to Rs 210 per sq.ft in 2007, marking a 35% rise. By 2017, the value surged to Rs 1,407 per sq.ft, reflecting a substantial increase of 570%. The 2023 revision set the value at Rs 2,099 per sq.ft, a 49% increase from the previous revision. The current 2024 revision has further raised the guideline value to Rs 2,350 per sq.ft, which is a 12% increase from 2023.

Overall, from 2003 to 2024, the guideline value has increased by 1,406%. The register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

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

• Kennadi Nagar Ist Street: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar IInd Street: Rs 2,350 per sq.ft (2024)
• Kennadi Nagar 3rd Street: 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 Kenndy Nagar

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 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 Kenndy Nagar?

The Sub Registrar Office that covers Kenndy Nagar 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 the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of the guideline value to avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kenndy Nagar?

The current guideline value of Kenndy Nagar 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 156 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, which is an overall increase of 1,406% over the years.

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

Other streets in Anakaputhur, such as Kennadi Nagar Ist Street, IInd Street, and 3rd Street, all have a guideline value of Rs 2,350 per sq.ft for 2024.

What is the registration fee for properties in Kenndy Nagar?

The registration fee for properties in Kenndy Nagar is calculated at 2% of the guideline value. For a property valued at Rs 23,50,000, the registration fee would be Rs 47,000.

Where can I find the Sub Registrar Office for Kenndy Nagar?

The Sub Registrar Office for Kenndy Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by using the provided link to find your SRO.