Guideline Value for KAILASH NAGAR

Kailash Nagar guideline value

The current guideline value of Kailash Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 501 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Kailash Nagar has changed

The guideline value for Kailash Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then changed to Rs 134 per sq.ft in 2017. Following this, the 2023 revision increased it to Rs 300 per sq.ft, and the most recent 2024 revision has raised it to Rs 501 per sq.ft, marking a significant increase of 67% from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 151%. The increase from 2017 to 2023 was 124%, while the value decreased by 33% from 2012 to 2017. These changes reflect the evolving guideline values in this area.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, which is the same as the current guideline value for Kailash Nagar.

• Kannan Garden: Rs 501 per sq.ft (2024)
• Kannan Garden Ext: Rs 501 per sq.ft (2024)
• Hira Rubi Avenue: Rs 600 per sq.ft (2024)
• Hira Apple Garden: Rs 501 per sq.ft (2024)
• Kotteeswara Rao Nagar: Rs 600 per sq.ft (2024)
• Gandhi Nagar: Rs 501 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 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, leading to a total cost of Rs 45,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kailash Nagar?

Kailash Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential for both parties to understand the current guideline value to ensure a smooth transaction process and avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kailash Nagar?

The current guideline value of Kailash Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 151%, moving from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024.

What is the stamp duty rate for property in Kailash Nagar?

The stamp duty rate for property in Kailash Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Kailash Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the other streets in Thadaperumbakkam with similar guideline values?

Other streets in Thadaperumbakkam with similar guideline values include Kannan Garden, Kannan Garden Ext, Hira Apple Garden, and Gandhi Nagar, all at Rs 501 per sq.ft for 2024.