Guideline Value

Corporate

Guideline Value for K.K.R.SALAI

₹3300/sq.ft.

The guideline value for K.k.r.salai in Uthandi village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹310 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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K.K.R.Salai guideline value

The current guideline value of K.K.R.Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO and is classified as Residential Class I Type - I.

How the guideline value of K.K.R.Salai has changed

The guideline value for K.K.R.Salai has seen significant changes over the years. The earliest figure available is from 2003, where the guideline value was Rs 310 per sq.ft. This increased to Rs 500 per sq.ft in 2007, then surged to Rs 3,000 per sq.ft in 2012. However, it dropped to Rs 2,010 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Notably, the register has no figure for K.K.R.Salai in 2002. The overall change from 2003 to 2024 reflects an increase of 965%, showcasing the substantial growth in the guideline value over the years.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value of these streets is Rs 1,700 per sq.ft, placing K.K.R.Salai's 2024 guideline value above this median.

Stamp duty and registration fee for property in K.K.R.Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.R.Salai?

The K.K.R.Salai street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Uthandi. It is used to determine the stamp duty and registration fees payable when buying or selling property. The guideline value is set by the state government and is revised periodically based on various factors.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.K.R.Salai?

The current guideline value of K.K.R.Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2023 to 2024, the guideline value increased by 10%, going from Rs 3,000 per sq.ft to Rs 3,300 per sq.ft.

What was the guideline value in 2017?

The guideline value for K.K.R.Salai in 2017 was Rs 2,010 per sq.ft.

Where can I find the registration office for K.K.R.Salai?

The registration office for K.K.R.Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in K.K.R.Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.