Guideline Value

Corporate

Guideline Value for KALIAMMAN KOIL 1st CROSS STREET

₹1700/sq.ft.

The guideline value for Kaliamman Koil 1st Cross Street 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 ₹311 /sq.ft.
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 Kaliamman Koil 1st Cross Street

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KALIAMMAN KOIL 1st CROSS STREET guideline value

The current guideline value for KALIAMMAN KOIL 1st CROSS STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of KALIAMMAN KOIL 1st CROSS STREET has changed

The guideline value for KALIAMMAN KOIL 1st CROSS STREET has seen significant changes over the years. The 2007 revision recorded a value of Rs 311 per sq.ft, which then increased to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in the 2017 revision. The value then rose to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,700 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the guideline value increased by 382%, but it then decreased by 33% from 2012 to 2017. A notable increase of 49% occurred between 2017 and 2023, followed by a 13% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 447%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is equal to the guideline value of KALIAMMAN KOIL 1st CROSS STREET.

Stamp duty and registration fee for property in KALIAMMAN KOIL 1st CROSS STREET

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 be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KALIAMMAN KOIL 1st CROSS STREET?

The KALIAMMAN KOIL 1st CROSS STREET is covered by 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 Karapakkam

The guideline value is a crucial factor in the registration process for property transactions in Karapakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the registration process. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of KALIAMMAN KOIL 1st CROSS STREET?

The current guideline value of KALIAMMAN KOIL 1st CROSS STREET 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 significantly, starting from Rs 311 per sq.ft in 2007, increasing to Rs 1,700 per sq.ft in 2024, with various revisions in between.

What is the land classification for KALIAMMAN KOIL 1st CROSS STREET?

KALIAMMAN KOIL 1st CROSS STREET is classified as Residential Class II Type - III.

Where can I find the registration office for KALIAMMAN KOIL 1st CROSS STREET?

The registration office for KALIAMMAN KOIL 1st CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in KALIAMMAN KOIL 1st CROSS STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.