Guideline Value for KALIAMMAN KOIL STREET

Kaliamman Koil Street guideline value

The current guideline value of Kaliamman Koil Street, located in Karapakkam village under the Neelankarai SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Kaliamman Koil Street has changed

Over the years, the guideline value for Kaliamman Koil Street has seen significant changes. The 2007 revision recorded a value of Rs 311 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 382%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a reduction of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 1,700 per sq.ft, a 13% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 447%.

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 value for these streets is Rs 1,700 per sq.ft, which is equal to the guideline value of Kaliamman Koil Street.

• Kaliangar Karunanidhi Street: Rs 2,200 per sq.ft (2024)
• KALIAMMAN KOIL 8th CROSS STREET: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th STREET 3rd CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th STREET 2nd CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th CROSS STREET 1st CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliamman Koil 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. Together, these fees would total Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaliamman Koil Street?

The Sub Registrar Office that covers Kaliamman Koil Street is 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 details.

How the guideline value is used when you buy or sell in Karapakkam

When buying or selling property in Karapakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

Buyers and sellers should be aware that the guideline value is used to assess the minimum value of the property for transaction purposes. This means that if the sale price is lower than the guideline value, the stamp duty will still be calculated based on the guideline value, ensuring compliance with regulatory requirements.

Frequently asked questions

What is the current guideline value of Kaliamman Koil Street?

The current guideline value of Kaliamman Koil 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 increased from Rs 311 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, showing an overall increase of 447% across the revisions.

What is the land classification for Kaliamman Koil Street?

Kaliamman Koil Street is classified as Residential Class II Type - III.

Where can I find the registration office for Kaliamman Koil Street?

The registration office for Kaliamman Koil 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 the stamp duty calculated for properties in Kaliamman Koil Street?

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