Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Kabaleeswarar Nagar South 3rd Main Road

₹6100/sq.ft.

The guideline value for Kabaleeswarar Nagar South 3rd 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 3rd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Kabaleeswarar Nagar South 3rd Main Road guideline value

The current guideline value of Kabaleeswarar Nagar South 3rd 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 3rd Main Road has changed

The guideline value for Kabaleeswarar Nagar South 3rd Main Road has undergone several revisions over the years. The oldest recorded revision was in 2012, where the value was Rs 5,500 per sq.ft. This was followed by a decrease to Rs 3,685 per sq.ft in 2017. The value then increased significantly to Rs 5,500 per sq.ft in 2023, and currently stands at Rs 6,100 per sq.ft from the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The latest revision from 2023 to 2024 shows an increase of 11%. 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 Kabaleeswarar Nagar South 3rd Main Road above this median.

Stamp duty and registration fee for property in Kabaleeswarar Nagar South 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 6,100 per sq.ft, the 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, totaling Rs 5,49,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kabaleeswarar Nagar South 3rd Main Road?

The Sub Registrar Office that covers Kabaleeswarar Nagar South 3rd 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 in the registration process of property transactions in Neelankarai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding how the guideline value is set and revised can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Nagar South 3rd Main Road?

The current guideline value of Kabaleeswarar Nagar South 3rd 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 increased to Rs 5,500 per sq.ft in 2023, and currently stands at Rs 6,100 per sq.ft from the 2024 revision.

What is the land classification for Kabaleeswarar Nagar South 3rd Main Road?

Kabaleeswarar Nagar South 3rd Main Road is classified as Residential Special Type - II.

Which office handles registrations for properties in this area?

The Neelankarai Sub Registrar Office handles registrations for properties in Kabaleeswarar Nagar South 3rd Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is 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 be calculated accordingly.