Guideline Value for Kalainjar Nedunjalai 4th Cross Street

Kalainjar Nedunjalai 4th Cross Street guideline value

The current guideline value of Kalainjar Nedunjalai 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kalainjar Nedunjalai 4th Cross Street has changed

The guideline value for Kalainjar Nedunjalai 4th Cross Street has undergone 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. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Kalainjar Nedunjalai 4th Cross Street's 2024 figure is above this median.

• Kalainjar Nedunjalai 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 5 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 6 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 1st 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 4th 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 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, leading to a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalainjar Nedunjalai 4th Cross Street?

The Sub Registrar Office that covers Kalainjar Nedunjalai 4th 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 when registering property transactions in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to determine the financial obligations during the registration process, providing clarity and transparency in property transactions.

Frequently asked questions

What is the current guideline value for Kalainjar Nedunjalai 4th Cross Street?

The current guideline value for Kalainjar Nedunjalai 4th 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 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 currently stands at Rs 2,200 per sq.ft in 2024.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for this street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kalainjar Nedunjalai 4th Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kalainjar Nedunjalai 4th Cross Street?

The land classification for Kalainjar Nedunjalai 4th Cross Street is Residential Special Type - I, indicating its suitability for residential development.