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Guideline Value

Corporate

Guideline Value for Kabaleeswarar Nagar North 2nd Main Road

₹6100/sq.ft.

The guideline value for Kabaleeswarar Nagar North 2nd Main Road 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 North 2nd Main Road

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Kabaleeswarar Nagar North 2nd Main Road guideline value

The current guideline value of Kabaleeswarar Nagar North 2nd Main Road is Rs 6,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This road is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Special Type - II.

How the guideline value of Kabaleeswarar Nagar North 2nd Main Road has changed

In the 2012 revision, the guideline value was Rs 5,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was noted as Rs 3,685 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 5,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 6,100 per sq.ft, which is an 11% 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 11%.

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 guideline value in this area is Rs 2,200 per sq.ft, placing the Kabaleeswarar Nagar North 2nd Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Kabaleeswarar Nagar North 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, totaling Rs 5,49,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kabaleeswarar Nagar North 2nd Main Road?

The Kabaleeswarar Nagar North 2nd Main Road 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 Neelankarai

The guideline value is a crucial factor in property transactions in Neelankarai. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers must consider this value when budgeting for their property transactions.

When registering a property, the guideline value will be compared to the sale price to establish the applicable duties and fees. This ensures that the government receives the correct amount in taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Nagar North 2nd Main Road?

The current guideline value of Kabaleeswarar Nagar North 2nd Main Road 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 seen several changes: from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then rising to Rs 5,500 per sq.ft in 2023, and finally reaching Rs 6,100 per sq.ft in 2024.

What is the land classification for Kabaleeswarar Nagar North 2nd Main Road?

The land classification for Kabaleeswarar Nagar North 2nd Main Road is Residential Special Type - II.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kabaleeswarar Nagar North 2nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

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