Guideline Value for KAILASH NAGAR

Kailash Nagar guideline value

The current guideline value of Kailash Nagar, located in Nadukuthagai village, is Rs 1,590 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Kailash Nagar has changed

Over the years, the guideline value of Kailash Nagar has experienced significant changes. In the 2007 revision, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, from 2012 to 2017, the value decreased to Rs 971 per sq.ft, reflecting a decline of 19%. The 2023 revision set the value at Rs 1,450 per sq.ft, and the latest 2024 revision increased it to Rs 1,590 per sq.ft, which is a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has surged by 695%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Nadukuthagai

Nadukuthagai village comprises 35 streets under the Avadi SRO, with a 2024 guideline value range from Rs 330 to Rs 1,980 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Kailash Nagar's 2024 figure above this median.

• Kailash Nagar Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value would be Rs 15,90,000. The stamp duty, calculated at 7%, amounts to Rs 1,11,300, while the registration fee at 2% totals Rs 31,800. Therefore, the total cost for stamp duty and registration would be Rs 1,43,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kailash Nagar?

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

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

The guideline value plays a crucial role in property transactions in Nadukuthagai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring that the transaction is recorded accurately and complies with local regulations.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that both buyers and sellers are aware of the minimum value assigned to the property. This transparency aids in facilitating smoother transactions and helps in the legal documentation process.

Frequently asked questions

What is the current guideline value of Kailash Nagar?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,590 per sq.ft in 2024, reflecting an overall increase of 695%.

What is the land classification of Kailash Nagar?

Kailash Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kailash Nagar?

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

How is the stamp duty calculated for property in Kailash Nagar?

Stamp duty for property in Kailash Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.