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Guideline Value

Corporate

Guideline Value for KALAIMAGAL NAGAR 3RD MAIN ROAD

₹6610/sq.ft.

The guideline value for Kalaimagal Nagar 3rd Main Road 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 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)

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 3rd Main Road

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Kalaimagal Nagar 3rd Main Road guideline value

The current guideline value of Kalaimagal Nagar 3rd Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024. This road 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 3rd Main Road has changed

Looking at the revisions, the guideline value for Kalaimagal Nagar 3rd Main Road has seen several changes over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 4,020 per sq.ft. The 2023 revision increased the value to Rs 6,000 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 6,610 per sq.ft, marking a 10% increase from 2023.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, 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 3rd Main Road is above this median.

Stamp duty and registration fee for property in Kalaimagal Nagar 3rd Main Road

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 charges to Rs 5,94,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaimagal Nagar 3rd Main Road?

Kalaimagal Nagar 3rd Main Road 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 is a crucial factor during property registration in Ekkaduthangal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This is important for both the buyer and seller to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar 3rd Main Road?

The current guideline value of Kalaimagal Nagar 3rd Main Road 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 from Rs 6,000 per sq.ft in 2023 to Rs 6,610 per sq.ft in 2024, which is a 10% increase. It was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What is the land classification for Kalaimagal Nagar 3rd Main Road?

The land classification for Kalaimagal Nagar 3rd Main Road is Commercial Class I Type - II, indicating its use for commercial purposes.

Where can I find the registration office for this area?

The registration office for Kalaimagal Nagar 3rd Main Road 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.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,10,000, the stamp duty would be Rs 4,62,700 at a rate of 7%.