Guideline Value

Corporate

Guideline Value for KANDASAMI NAGAR 4TH STREET

₹4400/sq.ft.

The guideline value for Kandasami Nagar 4th 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 4th Street

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Kandasami Nagar 4th Street guideline value

The current guideline value of Kandasami Nagar 4th Street is Rs 4,400 per sq.ft. 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 4th Street has changed

The guideline value for Kandasami Nagar 4th Street has undergone several revisions since 2002. The 2002 revision set the value at Rs 345 per sq.ft, which increased to Rs 386 per sq.ft in 2003. Following this, the value saw significant growth, reaching Rs 1,094 per sq.ft in 2007, and then jumping 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 currently stands at Rs 4,400 per sq.ft as of the 2024 revision.

The changes between the revisions are notable. From 2002 to 2003, the increase was +12%. The value then surged by +183% from 2003 to 2007. Following this, there was a substantial increase of +266% from 2007 to 2012. The value decreased by -33% from 2012 to 2017, and then saw a significant rise of +49% from 2017 to 2023. The most recent change from 2023 to 2024 is +10%. 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 for 2024 ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the 2024 figure for Kandasami Nagar 4th Street above this median.

Stamp duty and registration fee for property in Kandasami Nagar 4th 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. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kandasami Nagar 4th Street?

The Kandasami Nagar 4th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Palavakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kandasami Nagar 4th Street?

The current guideline value for Kandasami Nagar 4th 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 from Rs 345 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +1175% over this period.

What is the median guideline value in Palavakkam?

The median guideline value in Palavakkam is Rs 3,300 per sq.ft, with Kandasami Nagar 4th Street's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Kandasami Nagar 4th Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Kandasami Nagar 4th Street?

The Neelankarai Sub Registrar Office handles the registration for Kandasami Nagar 4th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.