Guideline Value for Kabaleeswarar Nagar 9th South Cross Street

Kabaleeswarar Nagar 9th South Cross Street guideline value

The current guideline value of Kabaleeswarar Nagar 9th South Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Special Type - III.

How the guideline value of Kabaleeswarar Nagar 9th South Cross Street has changed

The guideline value for Kabaleeswarar Nagar 9th South Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 5,000 per sq.ft. This was followed by a decrease to Rs 3,350 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value in the village is Rs 2,200 per sq.ft, making the 2024 figure for Kabaleeswarar Nagar 9th South Cross Street above this median.

• Kabaleeswarar Nagar 8th South Cross Street: Rs 5,500 per sq.ft (2024)
• Kabaleeswarar Nagar Kalainger Salai: Rs 6,100 per sq.ft (2024)
• Kabaleeswarar Nagar 7th South Cross Street: Rs 5,500 per sq.ft (2024)
• Kabaleeswarar Nagar North 1st Main Road: Rs 6,100 per sq.ft (2024)
• Kabaleeswarar Nagar 6th South Cross Street: Rs 5,500 per sq.ft (2024)
• Kabaleeswarar Nagar North 2nd Main Road: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kabaleeswarar Nagar 9th South Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kabaleeswarar Nagar 9th South Cross Street?

The Sub Registrar Office that covers Kabaleeswarar Nagar 9th South Cross Street is 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 Neelankarai

The guideline value plays a crucial role during property transactions in Neelankarai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value is a reference point for these charges.

When registering a property, the guideline value ensures that the taxes collected are based on a standardized value set by the authorities. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Nagar 9th South Cross Street?

The current guideline value of Kabaleeswarar Nagar 9th South Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then back to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification of Kabaleeswarar Nagar 9th South Cross Street?

Kabaleeswarar Nagar 9th South Cross Street is classified as Residential Special Type - III.

Where can I find the registration office for Kabaleeswarar Nagar 9th South Cross Street?

The registration office is the Neelankarai Sub Registrar Office, 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can amount to Rs 4,95,000.