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Guideline Value

Corporate

Guideline Value for KALAKKUTTAI MAIN ROAD EXTENSION

₹1700/sq.ft.

The guideline value for Kalakkuttai Main Road Extension in Sholinganallur - 1 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
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 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Kalakkuttai Main Road Extension

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Kalakkuttai Main Road Extension guideline value

The current guideline value of Kalakkuttai Main Road Extension is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Kalakkuttai Main Road Extension has changed

The guideline value for Kalakkuttai Main Road Extension has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2024 revision, reflecting a change of +13%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register for the specified years. The 2024 figure of Rs 1,700 per sq.ft is below the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

The guideline values in Sholinganallur - 1 vary significantly, with figures ranging from Rs 1,000 to Rs 8,800 per sq.ft as of 2024. The following are the guideline values for other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Kalakkuttai Main Road Extension

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

Which Sub Registrar Office covers Kalakkuttai Main Road Extension?

The Kalakkuttai Main Road Extension 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 Sholinganallur - 1

The guideline value is an essential factor during property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees payable when buying or selling property, ensuring that the transaction is recorded accurately in the official register.

When a property is registered, the guideline value serves as a benchmark for the transaction value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kalakkuttai Main Road Extension?

The current guideline value of Kalakkuttai Main Road Extension is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, marking a change of +13%. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values. For example, Kalakkuttai Main Road, Kalakkuttai Medu 1st Cross Street, Kalakkuttai 1st Street, and Kalakkuttai Medu Street are all valued at Rs 1,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Kalakkuttai Main Road Extension?

The Neelankarai Sub Registrar Office handles property registrations for Kalakkuttai Main Road Extension, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.