Guideline Value

Corporate

Guideline Value for KANDASAMI NAGAR 6TH STREET

₹4400/sq.ft.

The guideline value for Kandasami Nagar 6th 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 6th Street

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Kandasami Nagar 6th Street guideline value

The current guideline value of Kandasami Nagar 6th 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 6th Street has changed

The guideline value for Kandasami Nagar 6th Street has undergone several revisions over the years. Starting with the 2002 revision, the value was Rs 345 per sq.ft. It 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 jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision.

Between the revisions, the changes were as follows: from 2002 to 2003, there was an increase of 12%. The value rose by 183% from 2003 to 2007, followed by a 266% increase from 2007 to 2012. There was a decrease of 33% from 2012 to 2017, and a notable increase of 49% from 2017 to 2023. The current guideline value reflects a 10% increase from the previous year.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a 2024 guideline value 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, making the 2024 guideline value of Kandasami Nagar 6th Street above the median.

Stamp duty and registration fee for property in Kandasami Nagar 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value totals 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, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kandasami Nagar 6th Street?

The Kandasami Nagar 6th Street is covered by 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 crucial factor when registering a property in Palavakkam. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees that buyers must pay. This ensures that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, both parties should be aware of the guideline value as it impacts the overall cost of the transaction. It is advisable to consult the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Kandasami Nagar 6th Street?

The current guideline value of Kandasami Nagar 6th 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 seen several changes, starting from Rs 345 per sq.ft in 2002 to the current value of Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1175% from 2002 to 2024.

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

Other streets in Palavakkam that share the same guideline value of Rs 4,400 per sq.ft in 2024 include Kandasami Nagar 5th, 7th, 4th, 8th, 3rd, and 9th Streets.

Where is the Neelankarai Sub Registrar Office located?

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 Kandasami Nagar 6th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.