Guideline Value for KINARU ANUGU SALAI

Kinaru Anugu Salai guideline value

The current guideline value of Kinaru Anugu Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kinaru Anugu Salai has changed

The guideline value for Kinaru Anugu Salai has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose again to Rs 1,320 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The 2023 to 2024 revision saw an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which means Kinaru Anugu Salai's 2024 figure is below that median.

• Kinattru Salai 1st Cross Street: Rs 1,320 per sq.ft (2024)
• Kinattru Salai 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Kesava Street: Rs 1,320 per sq.ft (2024)
• Kavimani Street First Thulukanathamman Koil P.G: Rs 1,650 per sq.ft (2024)
• Kavimani Street First V.G.P. Shanthi Nagar (Geroge Avenue): Rs 1,650 per sq.ft (2024)
• Kavimani Street Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kinaru Anugu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Thus, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kinaru Anugu Salai?

The Sub Registrar Office that covers Kinaru Anugu Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Pallikaranai. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is registered, the guideline value helps determine the legal value of the property for taxation purposes. This ensures that both the government and the parties involved in the transaction have a clear understanding of the property's worth based on official assessments.

Frequently asked questions

What is the current guideline value of Kinaru Anugu Salai?

The current guideline value of Kinaru Anugu Salai is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,200 per sq.ft in 2012, decreasing to Rs 804 per sq.ft in 2017, and then increasing to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Kinaru Anugu Salai?

The land classification for Kinaru Anugu Salai is Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Kinaru Anugu Salai?

The Sub Registrar Office for Kinaru Anugu Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the stamp duty rate for properties in Kinaru Anugu Salai?

The stamp duty rate for properties in Kinaru Anugu Salai is 7% of the guideline value or the sale price, whichever is higher.