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Guideline Value

Corporate

Guideline Value for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS

₹1700/sq.ft.

The guideline value for Kalaimagal Nagar 2nd Street 3rd 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 3rd Cross

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KALAIMAGAL NAGAR 2nd STREET 3rd CROSS guideline value

The current guideline value for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of KALAIMAGAL NAGAR 2nd STREET 3rd CROSS has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. It then 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 further rose to Rs 1,700 per sq.ft in the 2024 revision. The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by an increase of 49% from 2017 to 2023, and a further increase of 13% from 2023 to 2024.

The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Karapakkam

Karapakkam village has a total of 185 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is the same as the current guideline value for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS.

Stamp duty and registration fee for property in KALAIMAGAL NAGAR 2nd STREET 3rd CROSS

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KALAIMAGAL NAGAR 2nd STREET 3rd CROSS?

The KALAIMAGAL NAGAR 2nd STREET 3rd CROSS falls under 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 factor in the registration process when buying or selling property in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS?

The current guideline value for KALAIMAGAL NAGAR 2nd STREET 3rd 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the registration office for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS?

The registration office for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is 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, for a property with a guideline value of Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.

What is the land classification for KALAIMAGAL NAGAR 2nd STREET 3rd CROSS?

KALAIMAGAL NAGAR 2nd STREET 3rd CROSS is classified as Residential Class II Type - III according to the local regulations.