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Guideline Value

Corporate

Guideline Value for KALAIMAGAL NAGAR 2nd STREET 4th CROSS

₹1700/sq.ft.

The guideline value for Kalaimagal Nagar 2nd Street 4th 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 4th Cross

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KALAIMAGAL NAGAR 2nd STREET 4th CROSS guideline value

The current guideline value for KALAIMAGAL NAGAR 2nd STREET 4th CROSS is Rs 1,700 per sq.ft. This property is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of KALAIMAGAL NAGAR 2nd STREET 4th CROSS has changed

The guideline value for KALAIMAGAL NAGAR 2nd STREET 4th CROSS has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. 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 that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which is equal to the current value for KALAIMAGAL NAGAR 2nd STREET 4th CROSS.

Stamp duty and registration fee for property in KALAIMAGAL NAGAR 2nd STREET 4th 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, charged at 7%, would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KALAIMAGAL NAGAR 2nd STREET 4th CROSS?

The KALAIMAGAL NAGAR 2nd STREET 4th 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. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Karapakkam, the guideline value is a critical factor in determining the registration fees and stamp duty. The guideline value is set by the Registration Department and serves as a benchmark for property transactions.

At the time of registration, the stamp duty is calculated based on the higher amount between the guideline value and the actual sale price. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for KALAIMAGAL NAGAR 2nd STREET 4th CROSS?

The current guideline value for KALAIMAGAL NAGAR 2nd STREET 4th 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 2023 to Rs 1,700 per sq.ft in 2024, marking a 13% increase. It was Rs 1,005 per sq.ft in 2017, which was a 49% increase from the previous figure of Rs 1,500 per sq.ft in 2012.

What are the other streets with the same guideline value in Karapakkam?

Other streets in Karapakkam with the same guideline value of Rs 1,700 per sq.ft include KALAIMAGAL NAGAR 2nd STREET 1st CROSS, 2nd CROSS, 3rd CROSS, and 5th CROSS, as well as KALAIMAGAL NAGAR 1st STREET.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can also find your SRO online.