Guideline Value for Kakelanjchavadi 2nd Cross Street

Kakelanjchavadi 2nd Cross Street guideline value

The current guideline value of Kakelanjchavadi 2nd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kakelanjchavadi 2nd Cross Street has changed

The guideline value for Kakelanjchavadi 2nd Cross Street has undergone several revisions over the years. In 2003, the guideline value was Rs 301 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This was followed by a significant rise to Rs 1,474 per sq.ft in 2017, marking an increase of 321%. The value continued to rise, reaching Rs 2,200 per sq.ft in 2023, and finally, it stands at Rs 2,420 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, the guideline value has increased by 704% from Rs 301 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is equal to the 2024 figure for Kakelanjchavadi 2nd Cross Street.

• Kakelanjchavadi 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Kakelanjchavadi 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Kaklenjchavadi/Yadhaval Street: Rs 2,200 per sq.ft (2024)
• Kabilar Street: Rs 2,200 per sq.ft (2024)
• J.R.Nagar: Rs 1,320 per sq.ft (2024)
• Kamaraj Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Kakelanjchavadi 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total cost for these fees to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kakelanjchavadi 2nd Cross Street?

The Kakelanjchavadi 2nd Cross Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kakelanjchavadi 2nd Cross Street?

The current guideline value of Kakelanjchavadi 2nd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 301 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 704% over the years.

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

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office is responsible for Kakelanjchavadi 2nd Cross Street?

The Pammal Sub Registrar Office covers Kakelanjchavadi 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kakelanjchavadi 2nd Cross Street?

Kakelanjchavadi 2nd Cross Street is classified under Residential Class I Type - I land classification.