Guideline Value

Corporate

Guideline Value for KALIAMMAN KOIL 4th CROSS STREET

₹1700/sq.ft.

The guideline value for Kaliamman Koil 4th 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 4th Cross Street

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KALIAMMAN KOIL 4th CROSS STREET guideline value

The current guideline value of KALIAMMAN KOIL 4th 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. The land classification for this area is Residential Class II Type - III.

How the guideline value of KALIAMMAN KOIL 4th CROSS STREET has changed

The guideline value for KALIAMMAN KOIL 4th CROSS STREET has seen several revisions over the years. In the 2007 revision, the value was Rs 311 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 382%. However, the value decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,700 per sq.ft in 2024, reflecting a change of 13%. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 447%. The 2024 revision of Rs 1,700 per sq.ft aligns with the median guideline value of Rs 1,700 per sq.ft for the 185 streets in Karapakkam under the Neelankarai SRO.

Guideline values in Karapakkam

In Karapakkam, the guideline values range from Rs 1,000 to Rs 10,700 per sq.ft as of 2024. The median value for the area is Rs 1,700 per sq.ft, which is the same as the guideline value for KALIAMMAN KOIL 4th CROSS STREET. Below are other streets in Karapakkam with their respective guideline values:

Stamp duty and registration fee for property in KALIAMMAN KOIL 4th 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 amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KALIAMMAN KOIL 4th CROSS STREET?

The KALIAMMAN KOIL 4th 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 properties can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for KALIAMMAN KOIL 4th CROSS STREET?

The current guideline value for KALIAMMAN KOIL 4th 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 undergone several revisions, increasing from Rs 311 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024. Notably, there was a significant rise of 382% from 2007 to 2012, followed by a decrease in 2017.

What is the land classification for KALIAMMAN KOIL 4th CROSS STREET?

The land classification for KALIAMMAN KOIL 4th CROSS STREET is Residential Class II Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering KALIAMMAN KOIL 4th 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 this area?

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