Guideline Value for KAILASH NAGAR

Kailash Nagar guideline value

The current guideline value of Kailash Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam_2 village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Kailash Nagar has changed

Since the 2017 revision, the guideline value for Kailash Nagar has increased significantly. The 2017 revision set the value at Rs 134 per sq.ft, which was then raised to Rs 300 per sq.ft in the 2023 revision, marking a 124% increase. The 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has seen a substantial increase of 124%.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2 village, there are 23 streets under the Ponneri SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Kailash Nagar aligns with this median.

• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Devaki Green Garden: Rs 400 per sq.ft (2024)
• Chennai City: Rs 400 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Pallavan Nagar: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 300 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 300 per sq.ft, the total guideline value comes to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kailash Nagar?

The Kailash Nagar area is covered by 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_2

The guideline value plays a crucial role in property transactions in Thadaperumbakkam_2. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Kailash Nagar?

The current guideline value of Kailash Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, reflecting a 124% increase overall from 2017 to 2024.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office is responsible for Kailash Nagar?

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

What is the land classification of Kailash Nagar?

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