Guideline Value for Dr.KALAINGAR NAGAR

Dr.KALAINGAR NAGAR guideline value

The current guideline value of Dr.KALAINGAR NAGAR is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devanthavakkam village under the Oothukkottai SRO and is classified as Residential Class II Type - I.

How the guideline value of Dr.KALAINGAR NAGAR has changed

Over the years, the guideline value of Dr.KALAINGAR NAGAR has undergone several revisions. The 2012 revision set the value at Rs 80 per sq.ft, which increased to Rs 54 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 85%, bringing it back to Rs 100 per sq.ft. The 2023 revision maintained this value, and the 2024 revision continues with Rs 100 per sq.ft, showing no change from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a guideline value for 2024, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Dr.KALAINGAR NAGAR's 2024 figure is equal to this median.

• Eden Garden: Rs 100 per sq.ft (2024)
• Balakrishna Avenue: Rs 100 per sq.ft (2024)
• Kalaingar Karunanithi Nagar: Rs 100 per sq.ft (2024)
• Arunachalanagar-Extni: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 100 per sq.ft (2024)
• Thirumailai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.KALAINGAR NAGAR

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Dr.KALAINGAR NAGAR?

The Sub Registrar Office covering Dr.KALAINGAR NAGAR is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Devanthavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dr.KALAINGAR NAGAR?

The current guideline value of Dr.KALAINGAR NAGAR is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty and registration fees for property in Dr.KALAINGAR NAGAR?

For a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000 based on the guideline value of Rs 1,00,000.

Which Sub Registrar Office covers Dr.KALAINGAR NAGAR?

The Oothukkottai Sub Registrar Office covers Dr.KALAINGAR NAGAR, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for calculating the applicable duties and fees.