Guideline Value for kannanoorammal Koil Street

kannanoorammal Koil Street guideline value

The current guideline value of kannanoorammal Koil Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Nallur village and falls under the Redhills SRO with a land classification of Residential Class I Type - I.

How the guideline value of kannanoorammal Koil Street has changed

The guideline value for kannanoorammal Koil Street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, there was a decrease to Rs 469 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 700 per sq.ft, followed by another increase to Rs 770 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 93%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nallur

Nallur village has a range of guideline values across its 39 streets under the Redhills SRO, with figures ranging from Rs 440 to Rs 1,650 per sq.ft. The median guideline value in Nallur is Rs 550 per sq.ft, placing the 2024 figure for kannanoorammal Koil Street above this median.

• Kannanoorammal Koil 2nd Street: Rs 770 per sq.ft (2024)
• Kannanoorammal Koil 1st Street: Rs 770 per sq.ft (2024)
• Kannanoorambakkam 3rd Cross Street: Rs 770 per sq.ft (2024)
• Kannanoorambakkam 2nd Cross Street: Rs 770 per sq.ft (2024)
• Kannanoorambakkam 1st Cross Street: Rs 770 per sq.ft (2024)
• Kalpaga Nagar - 1: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in kannanoorammal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers kannanoorammal Koil Street?

The kannanoorammal Koil Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

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

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

Frequently asked questions

What is the current guideline value of kannanoorammal Koil Street?

The current guideline value of kannanoorammal Koil Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, showing an overall increase of 93% over this period.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000, resulting in a stamp duty of Rs 53,900 and a registration fee of Rs 15,400, totaling Rs 69,300.

Which office handles registrations for this area?

The Redhills Sub Registrar Office handles registrations for kannanoorammal Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value for streets in Nallur?

The median guideline value for streets in Nallur is Rs 550 per sq.ft, with kannanoorammal Koil Street's 2024 figure of Rs 770 per sq.ft being above this median.