Guideline Value for KAILASH NAGAR EXTN

Kailash Nagar Extn guideline value

The current guideline value of Kailash Nagar Extn is Rs 1,590 per sq.ft. This area is located in Nadukuthagai village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Kailash Nagar Extn has changed

The guideline value for Kailash Nagar Extn has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 971 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 1,450 per sq.ft. The latest revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 1,590 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 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Nadukuthagai

Nadukuthagai village has a total of 35 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, making the current value of Kailash Nagar Extn above this median.

• Kailash Nagar: Rs 1,590 per sq.ft (2024)
• Iyyappa Nagar: Rs 600 per sq.ft (2024)
• Iyyappa Avenue Extn: Rs 600 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Gokulam Street / Nagar: Rs 660 per sq.ft (2024)
• Gayathri Nagar And Cross Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kailash Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value amounts to Rs 15,90,000. The stamp duty at 7% would be Rs 1,11,300, and the registration fee at 2% would be Rs 31,800, bringing the total fees to Rs 1,43,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kailash Nagar Extn?

The Kailash Nagar Extn area is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nadukuthagai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Kailash Nagar Extn?

The current guideline value of Kailash Nagar Extn is Rs 1,590 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 971 per sq.ft in 2017, then increased to Rs 1,450 per sq.ft in 2023, and finally to Rs 1,590 per sq.ft in 2024.

What is the median guideline value in Nadukuthagai?

The median guideline value for streets in Nadukuthagai is Rs 880 per sq.ft, with Kailash Nagar Extn's value being above this median.

What are the stamp duty and registration fees for property in Kailash Nagar Extn?

For a property valued at Rs 15,90,000, the stamp duty would be Rs 1,11,300 and the registration fee would be Rs 31,800, totaling Rs 1,43,100.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.