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Guideline Value

Corporate

Guideline Value for Kabaleeswarar Nagar South 4th Main Road

₹6100/sq.ft.

The guideline value for Kabaleeswarar Nagar South 4th 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 4th Main Road

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Kabaleeswarar Nagar South 4th Main Road guideline value

The current guideline value of Kabaleeswarar Nagar South 4th Main Road 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 South 4th Main Road has changed

The guideline value for Kabaleeswarar Nagar South 4th Main Road has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 5,500 per sq.ft. This value remained the same in the 2023 revision, but it increased to Rs 6,100 per sq.ft in the 2024 revision, marking an increase of 11%. Between 2012 and 2017, the value dropped by 33% to Rs 3,685 per sq.ft, before rising again by 49% to Rs 5,500 per sq.ft in 2023.

The register has no figures for the years 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 guideline values 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, which means that the 2024 figure for Kabaleeswarar Nagar South 4th Main Road is significantly above the median.

Stamp duty and registration fee for property in Kabaleeswarar Nagar South 4th 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, bringing the total 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kabaleeswarar Nagar South 4th Main Road?

The Sub Registrar Office that covers Kabaleeswarar Nagar South 4th 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. To find more information, you can find your SRO.

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. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is often used to assess the transaction value, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kabaleeswarar Nagar South 4th Main Road?

The current guideline value of Kabaleeswarar Nagar South 4th 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 back to Rs 5,500 in 2023, and finally to Rs 6,100 in 2024.

What is the land classification for Kabaleeswarar Nagar South 4th Main Road?

Kabaleeswarar Nagar South 4th Main Road 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.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kabaleeswarar Nagar South 4th Main Road is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.