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Guideline Value

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Guideline Value for KALAIMAGAL NAGAR 2nd STREET 1st CROSS

₹1700/sq.ft.

The guideline value for Kalaimagal Nagar 2nd Street 1st Cross in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Kalaimagal Nagar 2nd Street 1st Cross

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KALAIMAGAL NAGAR 2nd STREET 1st CROSS guideline value

The current guideline value for KALAIMAGAL NAGAR 2nd STREET 1st CROSS is Rs 1,700 per sq.ft. This property is located in Karapakkam village and falls under the Neelankarai SRO. The land classification is Residential Class II Type - III.

How the guideline value of KALAIMAGAL NAGAR 2nd STREET 1st CROSS has changed

The guideline value for KALAIMAGAL NAGAR 2nd STREET 1st CROSS has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The latest change from 2023 to 2024 reflects a 13% increase. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is equal to the 2024 figure for KALAIMAGAL NAGAR 2nd STREET 1st CROSS. Below are other streets in Karapakkam with their respective guideline values:

Stamp duty and registration fee for property in KALAIMAGAL NAGAR 2nd STREET 1st CROSS

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KALAIMAGAL NAGAR 2nd STREET 1st CROSS?

The KALAIMAGAL NAGAR 2nd STREET 1st CROSS is covered by 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 Karapakkam

The guideline value is a crucial reference for property transactions in Karapakkam. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is important to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any discrepancies and ensures a smooth registration process.

Frequently asked questions

What is the current guideline value for KALAIMAGAL NAGAR 2nd STREET 1st CROSS?

The current guideline value for KALAIMAGAL NAGAR 2nd STREET 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024. There are no figures for the revisions in 2002, 2003, and 2007 for this street.

What is the land classification for KALAIMAGAL NAGAR 2nd STREET 1st CROSS?

The land classification for KALAIMAGAL NAGAR 2nd STREET 1st CROSS is Residential Class II Type - III.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers KALAIMAGAL NAGAR 2nd STREET 1st CROSS, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,19,000.