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Guideline Value

Corporate

Guideline Value for Kabaleeswarar Nagar Kalainger Salai

₹6100/sq.ft.

The guideline value for Kabaleeswarar Nagar Kalainger Salai in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Kabaleeswarar Nagar Kalainger Salai

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Kabaleeswarar Nagar Kalainger Salai guideline value

The current guideline value of Kabaleeswarar Nagar Kalainger Salai is Rs 6,100 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 - II.

How the guideline value of Kabaleeswarar Nagar Kalainger Salai has changed

The guideline value for Kabaleeswarar Nagar Kalainger Salai has seen several revisions over the years. The 2012 revision recorded a value of Rs 5,500 per sq.ft, which was then reduced to Rs 3,685 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,500 per sq.ft in 2023, and currently stands at Rs 6,100 per sq.ft as per the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, the value saw a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an increase of 11%. Overall, the guideline value has increased by 11% from 2012 to 2024.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the current value of Kabaleeswarar Nagar Kalainger Salai above that median.

Stamp duty and registration fee for property in Kabaleeswarar Nagar Kalainger Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total fees to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kabaleeswarar Nagar Kalainger Salai?

The Sub Registrar Office that covers Kabaleeswarar Nagar Kalainger Salai 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 more details.

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

The guideline value is a critical factor when registering property transactions in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold or purchased, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official registry. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Nagar Kalainger Salai?

The current guideline value of Kabaleeswarar Nagar Kalainger Salai is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 5,500 per sq.ft, dropping to Rs 3,685 per sq.ft in 2017, then rising to Rs 5,500 per sq.ft in 2023, and currently at Rs 6,100 per sq.ft in 2024.

What is the land classification for Kabaleeswarar Nagar Kalainger Salai?

Kabaleeswarar Nagar Kalainger Salai is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000. Duty is charged based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kabaleeswarar Nagar Kalainger Salai?

The Neelankarai Sub Registrar Office covers Kabaleeswarar Nagar Kalainger Salai and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.