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Guideline Value

Corporate

Guideline Value for KALAIMAGAL NAGAR 2ND STREET

₹6610/sq.ft.

The guideline value for Kalaimagal Nagar 2nd 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 2nd Street

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Kalaimagal Nagar 2nd Street guideline value

The current guideline value of Kalaimagal Nagar 2nd Street is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kalaimagal Nagar 2nd Street has changed

The guideline value for Kalaimagal Nagar 2nd Street has undergone several revisions over the years. In 2002, the value was Rs 709 per sq.ft, which increased to Rs 818 per sq.ft in 2003, marking a 15% rise. The value then saw a 22% increase to Rs 1,000 per sq.ft in 2007. Following this, there was a significant jump of 500%, bringing the value to Rs 6,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 4,020 per sq.ft in 2017. The next revision in 2023 saw the value rise to Rs 6,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 6,610 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Ekkaduthangal

In Ekkaduthangal village, 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, with a median value of Rs 4,620 per sq.ft. The guideline value of Kalaimagal Nagar 2nd Street is above this median.

Stamp duty and registration fee for property in Kalaimagal Nagar 2nd 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, bringing the total fees together to Rs 5,94,900. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaimagal Nagar 2nd Street?

The Sub Registrar Office that covers Kalaimagal Nagar 2nd Street is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar 2nd Street?

The current guideline value of Kalaimagal Nagar 2nd 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 seen several revisions, increasing from Rs 709 per sq.ft in 2002 to Rs 6,610 per sq.ft in 2024, which is an overall increase of 832%.

What is the land classification for Kalaimagal Nagar 2nd Street?

Kalaimagal Nagar 2nd Street is classified as Commercial Class I Type - II.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kalaimagal Nagar 2nd Street?

The registration for Kalaimagal Nagar 2nd Street is handled 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.