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Guideline Value

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Guideline Value for KALIAMMAN KOIL 7th STREET 2nd CROSS

₹1700/sq.ft.

The guideline value for Kaliamman Koil 7th Street 2nd 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 Street 2nd Cross

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KALIAMMAN KOIL 7th STREET 2nd CROSS guideline value

The current guideline value for KALIAMMAN KOIL 7th STREET 2nd CROSS 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 7th STREET 2nd CROSS has changed

The guideline value for KALIAMMAN KOIL 7th STREET 2nd CROSS has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, the guideline value increased significantly to Rs 1,500 per sq.ft in 2023 and then rose to Rs 1,700 per sq.ft in the 2024 revision.

Between the revisions, the changes were notable. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 13% increase, bringing the overall change from 2012 to 2024 to a total increase of 13%.

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 guideline value is Rs 1,700 per sq.ft, which is equal to the current value of KALIAMMAN KOIL 7th STREET 2nd CROSS.

Stamp duty and registration fee for property in KALIAMMAN KOIL 7th STREET 2nd CROSS

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total charges would be Rs 1,53,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers KALIAMMAN KOIL 7th STREET 2nd CROSS?

The KALIAMMAN KOIL 7th STREET 2nd 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 plays a crucial role in the registration process when buying or selling property in Karapakkam. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it influences the overall cost of property transactions. It ensures that the property is registered at a value recognized by the government, which helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value for KALIAMMAN KOIL 7th STREET 2nd CROSS?

The current guideline value for KALIAMMAN KOIL 7th STREET 2nd CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 13% overall, from Rs 1,500 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for KALIAMMAN KOIL 7th STREET 2nd CROSS in 2017 was Rs 1,005 per sq.ft.

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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 and a registration fee of Rs 34,000.