Guideline Value for Kalainjar Nedunjalai 2nd Cross Street

Kalainjar Nedunjalai 2nd Cross Street guideline value

The current guideline value of Kalainjar Nedunjalai 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Kalainjar Nedunjalai 2nd Cross Street has changed

The guideline value for Kalainjar Nedunjalai 2nd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also listed a value of Rs 2,000 per sq.ft, which represented a decrease of 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The historical values reflect the changes in the real estate landscape, with the current value being the highest recorded 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. The median value for these streets is Rs 1,650 per sq.ft, making the 2024 guideline value of Kalainjar Nedunjalai 2nd Cross Street above the median.

• Kalainjar Nedunjalai 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 5 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 6 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 7 th Cross Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which totals Rs 1,54,000, while the registration fee is 2%, amounting to Rs 44,000. Therefore, the total cost for stamp duty and registration would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalainjar Nedunjalai 2nd Cross Street?

The Sub Registrar Office that covers Kalainjar Nedunjalai 2nd Cross Street is 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 critical factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly in the public domain.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the property transfer. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Kalainjar Nedunjalai 2nd Cross Street 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 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including Rs 2,000 per sq.ft in 2023 and 2012.

What is the land classification for Kalainjar Nedunjalai 2nd Cross Street?

Kalainjar Nedunjalai 2nd Cross Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kalainjar Nedunjalai 2nd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price, with rates typically being 7% for stamp duty and 2% for the registration fee.