Guideline Value for Kalaijar Nedunchalai Extn

Kalaijar Nedunchalai Extn guideline value

The current guideline value of Kalaijar Nedunchalai Extn is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Kalaijar Nedunchalai Extn has changed

The guideline value for Kalaijar Nedunchalai Extn has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, and in the latest 2024 revision, it has risen to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Kalaijar Nedunchalai Extn is above this median.

• Kalaijar Nedunchalai Street: Rs 3,300 per sq.ft (2024)
• Kalaimagal Saba St: Rs 1,320 per sq.ft (2024)
• Kalaimagal St: Rs 1,320 per sq.ft (2024)
• Kalainjar Nedunjalai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaijar Nedunchalai Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kalaijar Nedunchalai Extn?

The Kalaijar Nedunchalai Extn area falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and legally.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate dues from property transactions.

Frequently asked questions

What is the current guideline value of Kalaijar Nedunchalai Extn?

The current guideline value of Kalaijar Nedunchalai Extn is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kalaijar Nedunchalai Extn?

Kalaijar Nedunchalai Extn is classified as Residential Special Type - I.

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

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

Which office registers properties in Kalaijar Nedunchalai Extn?

The Tambaram Joint 1 Sub Registrar Office registers properties in Kalaijar Nedunchalai Extn, located at No.26, Mes Road, East Tambaram, Chennai-600059.