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Guideline Value

Corporate

Guideline Value for KALAIMAGAL NAGAR 1ST MAIN ROAD

₹6610/sq.ft.

The guideline value for Kalaimagal Nagar 1st Main Road in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 6610 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6610 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Kalaimagal Nagar 1st Main Road

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Kalaimagal Nagar 1st Main Road guideline value

The current guideline value of Kalaimagal Nagar 1st Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Kalaimagal Nagar 1st Main Road has changed

The guideline value for Kalaimagal Nagar 1st Main Road has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 6,000 per sq.ft. This value decreased to Rs 4,020 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,610 per sq.ft in 2024, reflecting a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 for this street. The 2023 revision marked a 49% increase from the 2017 figure, showcasing a notable change in the guideline value over the last few years.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, placing the guideline value of Kalaimagal Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Kalaimagal Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value amounts to Rs 66,10,000. The stamp duty at 7% would be Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, bringing the total cost for these fees to Rs 5,94,900. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kalaimagal Nagar 1st Main Road?

Kalaimagal Nagar 1st Main Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is sold, the registration office uses the guideline value to assess the transaction. This value helps in maintaining transparency and fairness in property transactions, ensuring that the correct fees are charged based on the established rates.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar 1st Main Road?

The current guideline value of Kalaimagal Nagar 1st Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,610 per sq.ft in 2024.

What is the land classification for Kalaimagal Nagar 1st Main Road?

The land classification for Kalaimagal Nagar 1st Main Road is Commercial Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 66,10,000, the total fees would amount to Rs 5,94,900.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Kalaimagal Nagar 1st Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.