Guideline Value for Kalainjar Nedunjalai 5 th Cross Street

Kalainjar Nedunjalai 5 th Cross Street guideline value

The current guideline value of Kalainjar Nedunjalai 5 th 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Kalainjar Nedunjalai 5 th Cross Street has changed

The guideline value for Kalainjar Nedunjalai 5 th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, resulting in the current guideline value of Rs 2,200 per sq.ft.

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

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with 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, positioning Kalainjar Nedunjalai 5 th Cross Street above this median.

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

Stamp duty and registration fee for property in Kalainjar Nedunjalai 5 th 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for stamp duty and registration fees to Rs 1,98,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate computations.

Which Sub Registrar Office covers Kalainjar Nedunjalai 5 th Cross Street?

The Kalainjar Nedunjalai 5 th Cross Street falls under the jurisdiction of the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

When a buyer or seller engages in a transaction, the guideline value helps to determine the financial obligations associated with the sale, making it a crucial element in the property registration process.

Frequently asked questions

What is the current guideline value of Kalainjar Nedunjalai 5 th Cross Street?

The current guideline value of Kalainjar Nedunjalai 5 th 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 finally to 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 office handles registrations for this street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kalainjar Nedunjalai 5 th Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for this street?

Kalainjar Nedunjalai 5 th Cross Street is classified as Residential Special Type - I.