Guideline Value for PERIYAR NAGAR - Kannammal Street

PERIYAR NAGAR - Kannammal Street guideline value

The current guideline value of PERIYAR NAGAR - Kannammal Street is Rs 3,850 per sq.ft. This street is located in Nesapakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of PERIYAR NAGAR - Kannammal Street has changed

The guideline value for PERIYAR NAGAR - Kannammal Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 197 per sq.ft. This increased to Rs 217 per sq.ft in 2003, marking a 10% rise. In 2007, the value saw a significant increase to Rs 1,100 per sq.ft, which is a 407% change. The value then rose to Rs 3,500 per sq.ft in 2012, reflecting a 218% increase from the previous revision. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 3,500 per sq.ft, representing a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1854%.

Guideline values in Nesapakkam

Nesapakkam village has a range of guideline values for its streets, with figures for 2024 ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing PERIYAR NAGAR - Kannammal Street above this median at Rs 3,850 per sq.ft.

• PERIYAR NAGAR - Kattabomman Street: Rs 3,850 per sq.ft (2024)
• PERIYAR NAGAR - Kamarajar Street: Rs 3,850 per sq.ft (2024)
• PERIYAR NAGAR Main Road: Rs 3,850 per sq.ft (2024)
• PERIYAR NAGAR - Jagadhambal Street: Rs 3,850 per sq.ft (2024)
• PERIYAR NAGAR - Raman Cross Street: Rs 3,850 per sq.ft (2024)
• PERIYAR NAGAR - Raman Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in PERIYAR NAGAR - Kannammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty, calculated at 7%, would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, these fees would total Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAR NAGAR - Kannammal Street?

The Sub Registrar Office that covers PERIYAR NAGAR - Kannammal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Nesapakkam. 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 authorities will consider the guideline value to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of these values as they directly impact the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of PERIYAR NAGAR - Kannammal Street?

The current guideline value of PERIYAR NAGAR - Kannammal Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions from Rs 197 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking a significant overall increase of 1854%.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees together would amount to Rs 3,46,500.

Which office handles property registrations in this area?

The Virugambakkam Sub Registrar Office handles property registrations for PERIYAR NAGAR - Kannammal Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for PERIYAR NAGAR - Kannammal Street?

The land classification for PERIYAR NAGAR - Kannammal Street is Residential Class I Type - I, indicating its suitability for residential development.