Guideline Value

Corporate

Guideline Value for KALAIGNAR KARUNANITHI STREET

₹1300/sq.ft.

The guideline value for Kalaignar Karunanithi Street in Chinnasekkadu village (Thiruvottiyur SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnasekkadu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹182 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹157 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Karunanithi Street

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Kalaignar Karunanithi Street guideline value

The current guideline value of Kalaignar Karunanithi Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Kalaignar Karunanithi Street has changed

The guideline value for Kalaignar Karunanithi Street has seen several revisions over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 182 per sq.ft in 2003, marking a change of +16%. The value then rose significantly to Rs 500 per sq.ft in 2007, an increase of +175%. Following that, the 2012 revision set the value back to Rs 1,200 per sq.ft, a decrease of -33%. In 2017, it increased to Rs 804 per sq.ft, and the value remained at Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,300 per sq.ft in 2024, which is an increase of +8% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +728%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value of Kalaignar Karunanithi Street above the median.

Stamp duty and registration fee for property in Kalaignar Karunanithi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaignar Karunanithi Street?

The Sub Registrar Office that covers Kalaignar Karunanithi Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Chinnasekkadu. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must be aware of the guideline value, as it affects the overall cost of the transaction. The registration process will require the payment of stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kalaignar Karunanithi Street?

The current guideline value of Kalaignar Karunanithi Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 157 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, showing an overall increase of +728% over the years.

What is the land classification for Kalaignar Karunanithi Street?

Kalaignar Karunanithi Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Kalaignar Karunanithi Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 91,000.