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Guideline Value

Corporate

Guideline Value for KALIAMMAN KOIL 2nd CROSS STREET

₹1700/sq.ft.

The guideline value for Kaliamman Koil 2nd 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 2nd Cross Street

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KALIAMMAN KOIL 2nd CROSS STREET guideline value

The current guideline value of KALIAMMAN KOIL 2nd 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 2nd CROSS STREET has changed

Looking at the revisions over the years, the guideline value for KALIAMMAN KOIL 2nd CROSS STREET has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 311 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, but then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,700 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, followed by a 13% increase from 2023 to 2024. The overall change from the 2007 revision to the 2024 revision shows a remarkable increase of 447%. The fluctuations in the guideline value reflect the evolving nature of property assessments in this area.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, which is equal to the 2024 figure for KALIAMMAN KOIL 2nd CROSS STREET.

Stamp duty and registration fee for property in KALIAMMAN KOIL 2nd CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the 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.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers KALIAMMAN KOIL 2nd CROSS STREET?

The KALIAMMAN KOIL 2nd CROSS STREET 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 Karapakkam

The guideline value is a crucial factor when registering property transactions in Karapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties.

When buying or selling property, it is essential to consider the guideline value as it influences the overall cost of the transaction, including the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of KALIAMMAN KOIL 2nd CROSS STREET?

The current guideline value of KALIAMMAN KOIL 2nd 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 from Rs 311 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 447% over the years.

What is the registration office for KALIAMMAN KOIL 2nd CROSS STREET?

The registration office for KALIAMMAN KOIL 2nd 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.

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.

Are there other streets with the same guideline value in Karapakkam?

Yes, there are several other streets in Karapakkam that share the same guideline value of Rs 1,700 per sq.ft in 2024, including KALIAMMAN KOIL 1st CROSS STREET, KALIAMMAN KOIL 3rd CROSS STREET, and others.