Guideline Value

Corporate

Guideline Value for KANDASAMI NAGAR 1ST CROSS STREET

₹4400/sq.ft.

The guideline value for Kandasami Nagar 1st Cross 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 1st Cross Street

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Kandasami Nagar 1st Cross Street guideline value

The current guideline value of Kandasami Nagar 1st Cross 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 1st Cross Street has changed

The guideline value for Kandasami Nagar 1st Cross Street has undergone several revisions over the years. In 2002, the value was Rs 345 per sq.ft, which increased to Rs 386 per sq.ft in 2003. The value saw a significant rise to Rs 1,094 per sq.ft in 2007, followed by a further increase to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The value also experienced a remarkable 266% increase from 2007 to 2012, a 183% increase from 2003 to 2007, and a 12% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has risen 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 guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Kandasami Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Kandasami Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandasami Nagar 1st Cross Street?

The Kandasami Nagar 1st Cross 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 further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Palavakkam. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value for Kandasami Nagar 1st Cross Street?

The current guideline value for Kandasami Nagar 1st Cross 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. There have been various increases and decreases in the value across different revisions.

What is the registration fee for property in Kandasami Nagar 1st Cross Street?

The registration fee for property in Kandasami Nagar 1st Cross Street is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Which Sub Registrar Office covers Kandasami Nagar 1st Cross Street?

The Neelankarai Sub Registrar Office covers Kandasami Nagar 1st Cross Street, 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 Kandasami Nagar?

The stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For example, if the guideline value is Rs 44,00,000, the stamp duty would be Rs 3,08,000.