Guideline Value

Corporate

Guideline Value for KALIAMMAN KOIL 5th CROSS STREET

₹1700/sq.ft.

The guideline value for Kaliamman Koil 5th 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 5th Cross Street

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KALIAMMAN KOIL 5th CROSS STREET guideline value

The current guideline value of KALIAMMAN KOIL 5th 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 it falls under the Residential Class II Type - III land classification.

How the guideline value of KALIAMMAN KOIL 5th CROSS STREET has changed

The guideline value for KALIAMMAN KOIL 5th CROSS STREET has seen several revisions over the years. In 2007, the value was Rs 311 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%. The substantial increase from 2007 to 2012 of 382% reflects a significant change in the guideline value. Overall, from 2007 to 2024, the guideline value has increased by 447%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with 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 current value for KALIAMMAN KOIL 5th CROSS STREET.

Stamp duty and registration fee for property in KALIAMMAN KOIL 5th 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 to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KALIAMMAN KOIL 5th CROSS STREET?

The KALIAMMAN KOIL 5th 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 critical factor when buying or selling property in Karapakkam. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that is consistent with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of KALIAMMAN KOIL 5th CROSS STREET?

The current guideline value of KALIAMMAN KOIL 5th 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 from Rs 311 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 447% over the years.

What is the role of the Neelankarai SRO?

The Neelankarai SRO is responsible for maintaining the guideline value register and overseeing property registrations in the area, including KALIAMMAN KOIL 5th CROSS STREET.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees may also apply.

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

Yes, there are several other streets in Karapakkam with the same guideline value of Rs 1,700 per sq.ft, including KALIAMMAN KOIL 4th CROSS STREET and KALIAMMAN KOIL 6th CROSS STREET.