Guideline Value

Corporate

Guideline Value for KALAIMAGAL NAGAR 1ST STREET

₹6610/sq.ft.

The guideline value for Kalaimagal Nagar 1st Street 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 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹818 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹709 /sq.ft.
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 Street

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Kalaimagal Nagar 1st Street guideline value

The current guideline value of Kalaimagal Nagar 1st Street is Rs 6,610 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for Kalaimagal Nagar 1st Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 709 per sq.ft. This increased to Rs 818 per sq.ft in 2003, followed by a rise to Rs 1,000 per sq.ft in 2007, marking a significant increase of 22%. The value then surged by 500% to Rs 6,000 per sq.ft in 2012. However, there was a decrease of 33% in the 2017 revision, bringing it down to Rs 4,020 per sq.ft. The value then increased by 49% to Rs 6,000 per sq.ft in 2023, before reaching the current figure of Rs 6,610 per sq.ft in the 2024 revision, which reflects a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 832%. There are no figures available for any revisions prior to 2002 or for the years not listed in the register.

Guideline values in Ekkaduthangal

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value would be Rs 66,10,000. The stamp duty at 7% would amount to Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, making the total charges together Rs 5,94,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaimagal Nagar 1st Street?

Kalaimagal Nagar 1st Street 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ekkaduthangal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that the guideline value is a key factor in calculating these costs.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Kalaimagal Nagar 1st Street 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 significantly from Rs 709 per sq.ft in 2002 to Rs 6,610 per sq.ft in 2024, reflecting an overall increase of 832% over this period.

What is the land classification for Kalaimagal Nagar 1st Street?

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kalaimagal Nagar 1st Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Kalaimagal Nagar 1st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.