Guideline Value

Corporate

Guideline Value for KANDASAMI NAGAR

₹4400/sq.ft.

The guideline value for Kandasami Nagar 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]

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Kandasami Nagar guideline value

The current guideline value of Kandasami Nagar 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 has changed

The guideline value for Kandasami Nagar has seen several revisions over the years. Starting from 2002, the value was Rs 345 per sq.ft. It increased to Rs 386 per sq.ft in 2003, followed by a significant rise to Rs 1,094 per sq.ft in 2007. The value further increased to Rs 4,000 per sq.ft in 2012, but then decreased to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023 and is now Rs 4,400 per sq.ft as of 2024. There are no figures available for revisions other than those mentioned.

From 2002 to 2024, the overall increase in the guideline value is 1,175%. Notably, the change from 2017 to 2023 was an increase of 49%, while the jump from 2007 to 2012 was a rise of 266%. The latest revision from 2023 to 2024 reflects a 10% increase.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kandasami Nagar's current guideline value is above this median.

Stamp duty and registration fee for property in Kandasami Nagar

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, making the total charges 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.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kandasami Nagar?

The Kandasami Nagar area 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 plays a crucial role during the registration process of property transactions in Palavakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal documentation and transfer of ownership.

When buying or selling a property, it is essential to consider the guideline value as it ensures that the transaction is recorded accurately with the authorities. This value is used to determine the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Kandasami Nagar?

The current guideline value of Kandasami Nagar 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, reflecting an overall increase of 1,175% over this period.

What is the land classification of Kandasami Nagar?

Kandasami Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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?

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