Guideline Value for KALAIGNAR NAGAR 1ST ST

Kalaignar Nagar 1st St guideline value

The current guideline value of Kalaignar Nagar 1st St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Kalaignar Nagar 1st St has changed

The guideline value for Kalaignar Nagar 1st St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this village is Rs 1,625 per sq.ft, making the 2024 figure for Kalaignar Nagar 1st St below this median.

• Kalaignar Nagar 2nd St: Rs 950 per sq.ft (2024)
• Kalaignar Nagar Dr.Ambedkar 1st Street, Govarthana: Rs 950 per sq.ft (2024)
• Kalaignar Nagar Dr.Ambedkar 2nd Street, Govarthana: Rs 950 per sq.ft (2024)
• Kalaignar Nagar Dr.Ambedkar Nagar, Govarthanagiri: Rs 950 per sq.ft (2024)
• Kalaignar Karunanidhi Nagar: Rs 950 per sq.ft (2024)
• Kalaignar Nagar, T.R.T.St., Govarthanagiri: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Nagar 1st St

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. Duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Nagar 1st St?

The Sub Registrar Office that covers Kalaignar Nagar 1st St is 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 information.

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

The guideline value plays a crucial role during property registration in Paruthipattu. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the transaction value. If the sale price is lower than the guideline value, the higher guideline value will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Kalaignar Nagar 1st St?

The current guideline value of Kalaignar Nagar 1st St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Kalaignar Nagar 1st St?

Kalaignar Nagar 1st St is classified as Residential Class II Type - I.

Where can I find the Avadi Sub Registrar Office?

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

How is stamp duty calculated for properties in Kalaignar Nagar 1st St?

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