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Guideline Value

Corporate

Guideline Value for Kabaleeswarar Nagar South 2nd Main Road

₹6100/sq.ft.

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

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Kabaleeswarar Nagar South 2nd Main Road guideline value

The current guideline value of Kabaleeswarar Nagar South 2nd Main Road is Rs 6,100 per sq.ft, 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 South 2nd Main Road has changed

The guideline value of Kabaleeswarar Nagar South 2nd Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which was then reduced to Rs 3,685 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 5,500 per sq.ft in the 2023 revision, and further rose to Rs 6,100 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. 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 that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Kabaleeswarar Nagar South 2nd Main Road is above this median.

Stamp duty and registration fee for property in Kabaleeswarar Nagar South 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 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 charges to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Kabaleeswarar Nagar South 2nd Main Road 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 information.

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

The guideline value plays a crucial role when buying or selling property in Neelankarai. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the property registration process. Buyers and sellers must ensure that the transaction reflects the guideline value to comply with legal requirements.

When a property is registered, the guideline value is used to determine the minimum value on which taxes and fees are calculated. This ensures transparency and fairness in property transactions within the Neelankarai SRO jurisdiction.

Frequently asked questions

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

The current guideline value of Kabaleeswarar Nagar South 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 changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

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

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

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Kabaleeswarar Nagar South 2nd Main Road?

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