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Guideline Value

Corporate

Guideline Value for Kalaimagal Nagar 4th Cross St

₹6610/sq.ft.

The guideline value for Kalaimagal Nagar 4th Cross St 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 4th Cross St

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Kalaimagal Nagar 4th Cross St guideline value

The current guideline value of Kalaimagal Nagar 4th Cross St is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kalaimagal Nagar 4th Cross St has changed

The guideline value for Kalaimagal Nagar 4th Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which was then decreased to Rs 4,020 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 6,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 6,610 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value of Kalaimagal Nagar 4th Cross St is above this median.

Stamp duty and registration fee for property in Kalaimagal Nagar 4th Cross St

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 66,10,000. The stamp duty at 7% would be Rs 4,62,700, and the registration fee at 2% would be Rs 1,32,200, making the total fees together Rs 5,94,900. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaimagal Nagar 4th Cross St?

The Sub Registrar Office that covers Kalaimagal Nagar 4th Cross St 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 is a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property is sold, the guideline value helps in assessing the legal compliance of the transaction. The registration office uses this value to ensure that the sale price is in line with the market standards set by the government.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar 4th Cross St?

The current guideline value of Kalaimagal Nagar 4th Cross St 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 2023 to Rs 6,610 per sq.ft in 2024, marking a 10% increase. It was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kalaimagal Nagar 4th Cross St is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 66,10,000, the stamp duty would be Rs 4,62,700.

Which office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kalaimagal Nagar 4th Cross St, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Kalaimagal Nagar 4th Cross St?

Kalaimagal Nagar 4th Cross St is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.