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Guideline Value

Corporate

Guideline Value for KALAIGNAR KARUNANIDHI 8TH CROSS STREET

₹4400/sq.ft.

The guideline value for Kalaignar Karunanidhi 8th Cross Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Kalaignar Karunanidhi 8th Cross Street

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Kalaignar Karunanidhi 8th Cross Street guideline value

The current guideline value of Kalaignar Karunanidhi 8th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO and is classified as Residential Class I Type - II.

How the guideline value of Kalaignar Karunanidhi 8th Cross Street has changed

The guideline value for Kalaignar Karunanidhi 8th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. This marked a decrease of 33%. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the latest 2024 revision further raised it to Rs 4,400 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Kalaignar Karunanidhi 8th Cross Street above this median.

Stamp duty and registration fee for property in Kalaignar Karunanidhi 8th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Kalaignar Karunanidhi 8th Cross Street?

The Sub Registrar Office that covers Kalaignar Karunanidhi 8th Cross Street is 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 Palavakkam

The guideline value is a crucial factor when registering property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value must be considered, as it influences the overall costs involved in the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the total amount payable during registration.

Frequently asked questions

What is the current guideline value of Kalaignar Karunanidhi 8th Cross Street?

The current guideline value of Kalaignar Karunanidhi 8th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 4,000 per sq.ft in 2012, decreased to Rs 2,680 per sq.ft in 2017, increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for this street?

Kalaignar Karunanidhi 8th Cross Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total costs would amount to Rs 3,96,000, including both fees.

Which office handles registrations for this area?

The Neelankarai Sub Registrar Office is responsible for handling registrations for Kalaignar Karunanidhi 8th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.