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Guideline Value

Corporate

Guideline Value for Kalaimagal Nagar 2nd Main Road

₹6610/sq.ft.

The guideline value for Kalaimagal Nagar 2nd Main Road in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 6610 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 Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹6610 /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 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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Kalaimagal Nagar 2nd Main Road

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Kalaimagal Nagar 2nd Main Road guideline value

The current guideline value of Kalaimagal Nagar 2nd Main Road is Rs 6,610 per sq.ft. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Kalaimagal Nagar 2nd Main Road has changed

The guideline value for Kalaimagal Nagar 2nd Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 6,000 per sq.ft. This figure decreased to Rs 4,020 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 6,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 6,610 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a guideline value for 2024 ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, placing the guideline value of Kalaimagal Nagar 2nd Main Road above this median.

Stamp duty and registration fee for property in Kalaimagal Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value would be Rs 66,10,000. The stamp duty at 7% would amount to Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, bringing the total cost for these fees to Rs 5,94,900. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Kalaimagal Nagar 2nd Main Road?

The Sub Registrar Office that covers Kalaimagal Nagar 2nd Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ekkaduthangal. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers should be aware that the guideline value is often used as a benchmark for property transactions.

When a property is sold, the registration office will assess the transaction based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected based on the value of the property being registered.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar 2nd Main Road?

The current guideline value of Kalaimagal Nagar 2nd Main Road is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,610 per sq.ft in 2024.

What is the land classification of Kalaimagal Nagar 2nd Main Road?

The land classification for Kalaimagal Nagar 2nd Main Road is Commercial Class I Type - II.

Where can I find more information about the Sub Registrar Office?

The Sub Registrar Office covering Kalaimagal Nagar 2nd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details by visiting the relevant link.

How do stamp duty and registration fees work?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the correct fees are collected during the registration process.