Guideline Value for KALA NAGAR

Kala Nagar guideline value

The current guideline value of Kala Nagar, located in Kattupakkam village, is Rs 400 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class I Type - I land classification. The area is managed by the Gooduvancheri SRO.

How the guideline value of Kala Nagar has changed

The guideline value for Kala Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased back to Rs 400 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, when comparing the 2012 revision to the 2024 revision, there has been no change, with the value remaining at Rs 400 per sq.ft.

Guideline values in Kattupakkam

Kattupakkam village features 27 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, indicating that the guideline value of Kala Nagar is below this median.

• Jawahar Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Nagar Phase-II: Rs 400 per sq.ft (2024)
• Ishwarya Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Krishna Garden: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee, charged at 2%, would be Rs 8,000. Together, the total cost for stamp duty and registration would be Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kala Nagar?

Kala Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps establish a baseline for the transaction price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price, ensuring that the government receives the appropriate taxes from the transaction.

Frequently asked questions

What is the current guideline value of Kala Nagar?

The current guideline value of Kala Nagar is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has varied over the years, with a decrease from Rs 400 in 2012 to Rs 268 in 2017, followed by an increase back to Rs 400 in 2023 and 2024.

What is the median guideline value in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 500 per sq.ft, which is higher than the current value of Kala Nagar.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Kala Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Kala Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.