Guideline Value

Corporate

Guideline Value for KANDASAMI NAGAR 10TH STREET

₹4400/sq.ft.

The guideline value for Kandasami Nagar 10th Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1094 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹386 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹345 /sq.ft.
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 Kandasami Nagar 10th Street

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Kandasami Nagar 10th Street guideline value

The current guideline value of Kandasami Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kandasami Nagar 10th Street has changed

The guideline value for Kandasami Nagar 10th Street has seen several revisions over the years. Starting from Rs 345 per sq.ft in 2002, it increased to Rs 386 per sq.ft in 2003. The value then rose significantly to Rs 1,094 per sq.ft in 2007, followed by a substantial jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017, before climbing back to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 4,400 per sq.ft.

Examining the changes, the guideline value increased by 10% from 2023 to 2024. There was a 49% increase from 2017 to 2023. The value dropped by 33% from 2012 to 2017, while it rose dramatically by 266% from 2007 to 2012. From 2003 to 2007, the increase was 183%, and from 2002 to 2003, it was 12%. Overall, from 2002 to 2024, the guideline value has increased by 1175%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Kandasami Nagar 10th Street above this median.

Stamp duty and registration fee for property in Kandasami Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kandasami Nagar 10th Street?

The Kandasami Nagar 10th Street 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 Palavakkam

The guideline value is a critical factor during the registration of property transactions. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property in Palavakkam, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps in determining the costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kandasami Nagar 10th Street?

The current guideline value of Kandasami Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 345 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 1175% over this period.

What are the other streets with the same guideline value in Palavakkam?

Other streets in Palavakkam that share the same guideline value of Rs 4,400 per sq.ft include Kandasami Nagar 1st Cross Street, Kandasami Nagar 1st Street, Kandasami Nagar 2nd Street, Kandasami Nagar 3rd Street, and Kandasami Nagar 4th Street.

What is the stamp duty rate for property in Kandasami Nagar 10th Street?

The stamp duty rate for property in Kandasami Nagar 10th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kandasami Nagar 10th Street?

The Neelankarai Sub Registrar Office handles property registrations for Kandasami Nagar 10th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.