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Guideline Value

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Guideline Value for KADUMBADI AMMAN KOIL 2nd STREET

₹1100/sq.ft.

The guideline value for Kadumbadi Amman Koil 2nd Street in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
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]
Records for a plot on Kadumbadi Amman Koil 2nd Street

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KADUMBADI AMMAN KOIL 2nd STREET guideline value

The current guideline value of KADUMBADI AMMAN KOIL 2nd STREET is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of KADUMBADI AMMAN KOIL 2nd STREET has changed

The guideline value for KADUMBADI AMMAN KOIL 2nd STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision.

Between these revisions, the changes were as follows: from 2007 to 2012, there was a 150% increase; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and finally, from 2023 to 2024, an increase of 10%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. KADUMBADI AMMAN KOIL 2nd STREET's 2024 guideline value is below this median.

Stamp duty and registration fee for property in KADUMBADI AMMAN KOIL 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KADUMBADI AMMAN KOIL 2nd STREET?

The KADUMBADI AMMAN KOIL 2nd STREET is covered by the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value is an essential reference point for property transactions in Karapakkam. It is used to determine the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately in the official registers. It helps maintain transparency and consistency in property valuations across the region.

Frequently asked questions

What is the current guideline value of KADUMBADI AMMAN KOIL 2nd STREET?

The current guideline value of KADUMBADI AMMAN KOIL 2nd STREET is Rs 1,100 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 1,100 per sq.ft in 2024, with various increases and decreases in between.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers KADUMBADI AMMAN KOIL 2nd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would be Rs 99,000.

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

Other streets in Karapakkam with a guideline value of Rs 1,100 per sq.ft include Kadumbadi Amman Koil Street and Kadumbadi Street, while streets like Kalaimagal Nagar have a higher value of Rs 1,700 per sq.ft.