Guideline Value for Kalanjar nedunsalai extn

Kalanjar nedunsalai extn guideline value

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

How the guideline value of Kalanjar nedunsalai extn has changed

The guideline value for Kalanjar Nedunsalai Extension has seen 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. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with 2024 guideline values 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 Kalanjar Nedunsalai Extension above this median.

• Kalaivani Street Extension: Rs 1,320 per sq.ft (2024)
• Kalaivani Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 3nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani 1st Cross Street: Rs 1,980 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 Kalanjar nedunsalai extn

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 would be charged at 7%, amounting to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalanjar nedunsalai extn?

The Kalanjar Nedunsalai Extension falls under 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 the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value assigned to the property.

When a property is sold, the guideline value helps determine the appropriate fees, which are calculated based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Kalanjar nedunsalai extn?

The current guideline value of Kalanjar Nedunsalai Extension 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 to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of 2024.

What is the land classification for Kalanjar nedunsalai extn?

The land classification for Kalanjar Nedunsalai Extension is Residential Special Type - I.

What are the stamp duty and registration fees for property in Kalanjar nedunsalai extn?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Kalanjar nedunsalai extn?

The Tambaram Joint 1 Sub Registrar Office covers Kalanjar Nedunsalai Extension and is located at No.26, Mes Road, East Tambaram, Chennai-600059.