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Guideline Value

Corporate

Guideline Value for Kalaignar Karunanidhi Salai

₹6600/sq.ft.

The guideline value for Kalaignar Karunanidhi Salai in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Commercial Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹812 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹747 /sq.ft.
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 Kalaignar Karunanidhi Salai

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Kalaignar Karunanidhi Salai guideline value

The current guideline value of Kalaignar Karunanidhi Salai is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Commercial Special Type - V.

How the guideline value of Kalaignar Karunanidhi Salai has changed

The guideline value for Kalaignar Karunanidhi Salai has seen significant changes over the years. In 2002, the guideline value was Rs 747 per sq.ft. This figure increased to Rs 812 per sq.ft in 2003, marking a 9% rise. The value then rose sharply to Rs 1,500 per sq.ft in 2007, reflecting an 85% increase. Following this, the value surged to Rs 6,000 per sq.ft in 2012, a substantial 300% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, which was a 33% drop. The value then climbed to Rs 6,000 per sq.ft in 2023, before reaching the current value of Rs 6,600 per sq.ft in 2024, showing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 784%. There are no figures available for the revisions in years other than those listed.

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 for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Kalaignar Karunanidhi Salai above this median.

Stamp duty and registration fee for property in Kalaignar Karunanidhi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kalaignar Karunanidhi Salai?

The Sub Registrar Office covering Kalaignar Karunanidhi Salai 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value helps to maintain transparency in the transaction process. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration and to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaignar Karunanidhi Salai?

The current guideline value of Kalaignar Karunanidhi Salai is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 747 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 784%.

What is the land classification for Kalaignar Karunanidhi Salai?

Kalaignar Karunanidhi Salai is classified as Commercial Special Type - V, indicating its suitability for commercial activities.

What are the other streets in Neelankarai and their guideline values?

Other streets in Neelankarai include Kakkan Street at Rs 1,700 per sq.ft, Kalathu Mettu Street at Rs 3,300 per sq.ft, and several roads in Kabaleeswarar Nagar South at Rs 6,100 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at the current guideline value would incur total fees of Rs 5,94,000.