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Guideline Value

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Guideline Value for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS

₹1700/sq.ft.

The guideline value for Kaliamman Koil 7th Cross Street 1st Cross 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 N/A
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 7th Cross Street 1st Cross

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KALIAMMAN KOIL 7th CROSS STREET 1st CROSS guideline value

The current guideline value for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of KALIAMMAN KOIL 7th CROSS STREET 1st CROSS has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in 2024, marking a 13% increase from 2023 to 2024 and a 49% increase from 2017 to 2023. The overall change from 2012 to 2024 is +13%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, we only have the figures from 2012, 2017, 2023, and the current 2024 revision to consider.

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 is Rs 1,700 per sq.ft, which is the same as the 2024 figure for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS.

Stamp duty and registration fee for property in KALIAMMAN KOIL 7th CROSS STREET 1st CROSS

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling 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 KALIAMMAN KOIL 7th CROSS STREET 1st CROSS?

The KALIAMMAN KOIL 7th CROSS STREET 1st CROSS 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the property is registered at a value that reflects its current market standing according to the government regulations.

Frequently asked questions

What is the current guideline value for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS?

The current guideline value for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS 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 seen changes from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,500 per sq.ft in 2023, finally reaching Rs 1,700 per sq.ft in 2024.

What is the land classification for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS?

The land classification for KALIAMMAN KOIL 7th CROSS STREET 1st CROSS is Residential Class II Type - III.

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.

How is stamp duty calculated for properties in KALIAMMAN KOIL 7th CROSS STREET 1st CROSS?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 17,00,000, resulting in a stamp duty of Rs 1,19,000.