Guideline Value for KALAIMAGAL NAGAR, NINNAKARAI (WARD -19)

Kalaimagal Nagar, Ninnakarai (Ward -19) guideline value

The current guideline value for Kalaimagal Nagar, Ninnakarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III and falls under the Chengleput Joint II SRO.

How the guideline value of Kalaimagal Nagar, Ninnakarai (Ward -19) has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Rs 660 per sq.ft for Kalaimagal Nagar below this median.

• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)
• Kalaivanar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaimagal Nagar, Ninnakarai (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these charges to Rs 59,400. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaimagal Nagar, Ninnakarai (Ward -19)?

The Chengleput Joint II Sub Registrar Office covers Kalaimagal Nagar, Ninnakarai (Ward -19). The address is 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kattankollatur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

What is the current guideline value for Kalaimagal Nagar?

The current guideline value for Kalaimagal Nagar, Ninnakarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Kalaimagal Nagar?

Kalaimagal Nagar is classified as Residential Class I Type - III, which is important for determining the guideline value and potential uses of the land.

Where can I find the registration office for this area?

The registration office for Kalaimagal Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.