Guideline Value for Kalainjar Nedunjalai 6 th Cross Street

Kalainjar Nedunjalai 6 th Cross Street guideline value

The current guideline value of Kalainjar Nedunjalai 6 th 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 6 th Cross Street has changed

Over the years, the guideline value of Kalainjar Nedunjalai 6 th Cross Street has seen several revisions. The 2012 revision recorded a value of Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year’s figure of Rs 2,000 per sq.ft.

It is important to note that there are no recorded 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 that have 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, placing Kalainjar Nedunjalai 6 th Cross Street above this median with its current value of Rs 2,200 per sq.ft.

• Kalainjar Nedunjalai 5 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 7 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 3rd 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 6 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 would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total fees 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 more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalainjar Nedunjalai 6 th Cross Street?

The Sub Registrar Office that covers Kalainjar Nedunjalai 6 th 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 details.

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

The guideline value plays a crucial role in property transactions in Peerklankaranai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are based on a standardized valuation set by the government.

During the registration process, the buyer and seller must ensure that the sale price is not lower than the guideline value. If the sale price is higher, the stamp duty will be calculated based on that higher amount, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kalainjar Nedunjalai 6 th Cross Street?

The current guideline value of Kalainjar Nedunjalai 6 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 other streets with the same guideline value in Peerklankaranai?

Other streets in Peerklankaranai with the same guideline value of Rs 2,200 per sq.ft in 2024 include Kalainjar Nedunjalai 1st, 2nd, 3rd, 4th, 5th, and 7th Cross Streets.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated in Peerklankaranai?

Stamp duty in Peerklankaranai is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.