Guideline Value for KALAINGNAR KARUNANIDHI SALAI 2ND CROSS STREET (NEAR CANAL)

Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal) guideline value

The current guideline value of Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, with a land classification of Residential Special Type - II.

How the guideline value of Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal) has changed

The guideline value for this street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 6,000 per sq.ft. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024. The register does not provide any figures for the years preceding 2023, indicating that there were no recorded values for this street during those years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Kalaingnar Karunanidhi Salai 2nd Cross Street above the median.

• KALAINGNAR KARUNANIDHI SALAI (Akkarai Joint Street): Rs 6,600 per sq.ft (2024)
• Kalaingar Cross Street: Rs 3,300 per sq.ft (2024)
• Kalakkuttai 1st Street: Rs 1,700 per sq.ft (2024)
• Kalakkuttai Main Road: Rs 1,700 per sq.ft (2024)
• Kalakkuttai Main Road Extension: Rs 1,700 per sq.ft (2024)
• Kalakkuttai Medu 1st Cross Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total charges to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal)?

The Sub Registrar Office that covers Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal) is 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 Sholinganallur - 1

The guideline value is a crucial factor in the registration of property transactions in Sholinganallur - 1. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a baseline for negotiations and ensures transparency in the transaction process. Buyers and sellers should be aware of the current guideline value to make informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kalaingnar Karunanidhi Salai 2nd Cross Street?

The current guideline value of Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for this street?

The land classification for Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal) is Residential Special Type - II, indicating its suitability for residential development.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot with a guideline value of Rs 66,00,000, the total charges would be Rs 5,94,000.