Guideline Value for KALAKKUTTAI MAIN ROAD

Kalakkuttai Main Road guideline value

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

How the guideline value of Kalakkuttai Main Road has changed

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

Prior to the 2023 revision, there were no recorded figures for the street in the earlier revisions. The current value reflects the latest updates from the Registration Department's guideline value register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Kalakkuttai Main Road is below this median.

• Kalakkuttai 1st Street: 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)
• Kalakkuttai Medu Street: Rs 1,700 per sq.ft (2024)
• KALAINGNAR KARUNANIDHI SALAI (Akkarai Joint Street): Rs 6,600 per sq.ft (2024)
• Kalaingnar Karunanidhi Salai 2nd Cross Street (Near Canal): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalakkuttai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total 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, bringing the total to 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?

The Sub Registrar Office that covers Kalakkuttai Main Road 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

When buying or selling property in Sholinganallur - 1, the guideline value plays a crucial role during the registration process. It is the minimum value set by the government for property transactions, ensuring transparency and fairness in property dealings.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalakkuttai Main Road?

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

How has the guideline value changed over the years?

The guideline value for Kalakkuttai Main Road was Rs 1,500 per sq.ft in 2023 and increased to Rs 1,700 per sq.ft in 2024, reflecting a change of +13%.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 with the same guideline value of Rs 1,700 per sq.ft include Kalakkuttai 1st Street, Kalakkuttai Main Road Extension, Kalakkuttai Medu 1st Cross Street, and Kalakkuttai Medu Street.

What is the stamp duty for property in Kalakkuttai Main Road?

The stamp duty for property in Kalakkuttai Main Road is calculated at 7% of the guideline value, which would be Rs 1,19,000 for a 1,000 sq.ft plot at the current rate.

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.