Guideline Value for Sree Kanniyammal Garden Layout

Sree Kanniyammal Garden Layout guideline value

The current guideline value of Sree Kanniyammal Garden Layout is Rs 1,980 per sq.ft, effective from 1 July 2024. This layout is located in Kolapakkam village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Sree Kanniyammal Garden Layout has changed

The guideline value for Sree Kanniyammal Garden Layout has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is an increase from Rs 1,800 per sq.ft in the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 1,206 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Between the revisions, there have been significant changes in the guideline values. From 2023 to 2024, the value increased by 10%. Comparing the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sree Kanniyammal Garden Layout's 2024 figure below this median.

• Sri Amman Nagar: Rs 1,650 per sq.ft (2024)
• Sri Arunagiriyar Street: Rs 1,650 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,650 per sq.ft (2024)
• Sri Dhalakshmi Nagar: Rs 3,740 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 2,750 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Kanniyammal Garden Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty charged at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sree Kanniyammal Garden Layout?

The Sree Kanniyammal Garden Layout is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kolapakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

Both buyers and sellers must be aware that the registration process will consider the guideline value or the sale price, whichever is higher, ensuring that the property is registered at an appropriate value as per the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sree Kanniyammal Garden Layout?

The current guideline value of Sree Kanniyammal Garden Layout is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% during this period.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office should I visit for registration?

The Pammal Sub Registrar Office covers Sree Kanniyammal Garden Layout, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the guideline values in Kolapakkam?

In Kolapakkam, guideline values range from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. Sree Kanniyammal Garden Layout's value is below this median.