Guideline Value for Kalainjar Nedunjalai 7 th Cross Street

Kalainjar Nedunjalai 7 th Cross Street guideline value

The current guideline value of Kalainjar Nedunjalai 7 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 7 th Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft, marking a drop of 33%. The value increased significantly in the following revisions, with the 2023 revision setting the value at Rs 2,000 per sq.ft, which then rose to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

Within 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 guideline value in this area is Rs 1,650 per sq.ft, placing Kalainjar Nedunjalai 7 th Cross Street above that median.

• Kalainjar Nedunjalai 6 th Cross Street: Rs 2,200 per sq.ft (2024)
• Kalainjar Nedunjalai 5 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 7 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 to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalainjar Nedunjalai 7 th Cross Street?

The Sub Registrar Office that covers Kalainjar Nedunjalai 7 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 information.

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

The guideline value is an essential factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kalainjar Nedunjalai 7 th Cross Street?

The current guideline value of Kalainjar Nedunjalai 7 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 is the land classification for Kalainjar Nedunjalai 7 th Cross Street?

The land classification for Kalainjar Nedunjalai 7 th Cross Street is Residential Special Type - I.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 22,00,000, the total stamp duty and registration fees would amount to Rs 1,98,000.

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

The Sub Registrar Office for Kalainjar Nedunjalai 7 th Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.