Guideline Value

Corporate

Guideline Value for KAIRALI NAGAR

₹220/sq.ft.

The guideline value for Kairali Nagar in Vallur village (Thiruvottiyur SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vallur

Village

Thiruvottiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kairali Nagar

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Kairali Nagar guideline value

The current guideline value of Kairali Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vallur village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Kairali Nagar has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. It then increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 220 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value is Rs 220 per sq.ft, which is equal to the current figure for Kairali Nagar.

Stamp duty and registration fee for property in Kairali Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kairali Nagar?

The Kairali Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Vallur. It is used to determine the stamp duty and registration fees, which are essential costs in the property transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the local government. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kairali Nagar?

The current guideline value of Kairali Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft, which is a total increase of 64% over the years.

What is the stamp duty rate for properties in Kairali Nagar?

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

How can I calculate the registration fee for my property?

The registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

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

The Sub Registrar Office for Kairali Nagar is the Thiruvottiyur SRO, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.