Guideline Value for KALAIGNER NAGAR

Kalaigner Nagar guideline value

The current guideline value of Kalaigner Nagar, located in Zaminpallavaram village, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kalaigner Nagar has changed

The guideline value for Kalaigner Nagar has seen several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft. However, this figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2024 has increased the guideline value to Rs 2,750 per sq.ft, representing a significant increase of 64% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, which indicates that the guideline value for Kalaigner Nagar is below this median.

• Kalaignar Street: Rs 2,750 per sq.ft (2024)
• Kalaimagal Street: Rs 3,300 per sq.ft (2024)
• Kakkilanchavadi: Rs 2,750 per sq.ft (2024)
• Kabilar Street: Rs 3,300 per sq.ft (2024)
• Kabaleswaran Nagar: Rs 3,300 per sq.ft (2024)
• Juleka Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaigner Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaigner Nagar?

The Sub Registrar Office that covers Kalaigner Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the actual sale price, whichever is higher.

Additionally, understanding the guideline value helps in ensuring compliance with local regulations during property transactions. It is essential for both buyers and sellers to be informed about the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kalaigner Nagar?

The current guideline value of Kalaigner Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,750 per sq.ft in 2024.

What is the land classification of Kalaigner Nagar?

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

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 27,50,000.