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Guideline Value

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Guideline Value for KALIAMMAN KOIL 7th STREET 3rd CROSS

₹1700/sq.ft.

The guideline value for Kaliamman Koil 7th Street 3rd 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 3rd Cross

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KALIAMMAN KOIL 7th STREET 3rd CROSS guideline value

The current guideline value for KALIAMMAN KOIL 7th STREET 3rd 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 STREET 3rd CROSS has changed

The guideline value for KALIAMMAN KOIL 7th STREET 3rd CROSS has seen several revisions over the years. The oldest recorded figure is from 2012, where the value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as of the 2024 revision, marking a 13% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for KALIAMMAN KOIL 7th STREET 3rd CROSS.

Stamp duty and registration fee for property in KALIAMMAN KOIL 7th STREET 3rd CROSS

For a 1,000 sq.ft plot at the current rate, 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, 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 STREET 3rd CROSS?

The KALIAMMAN KOIL 7th STREET 3rd CROSS 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 during property transactions in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that the correct amount is paid based on the property's worth as determined by the local authorities. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for KALIAMMAN KOIL 7th STREET 3rd CROSS?

The current guideline value for KALIAMMAN KOIL 7th STREET 3rd 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as of 2024.

What is the land classification for KALIAMMAN KOIL 7th STREET 3rd CROSS?

KALIAMMAN KOIL 7th STREET 3rd CROSS is classified as 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 the stamp duty calculated for properties in Karapakkam?

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