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

Kalaimagal Nagar, Ninnakarai (Ward -19) guideline value

The current guideline value of Kalaimagal Nagar, Ninnakarai (Ward -19) is Rs 661 per sq.ft, effective from 1 July 2024. This area is part of Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this locality is Residential Class I Type - III.

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

The guideline value for Kalaimagal Nagar has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 set the value at Rs 661 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. However, there was a decline of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing the 2024 figure for Kalaimagal Nagar below this median.

• Kalaignar Karunanithi Nagar (Ward -2): Rs 550 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 550 per sq.ft (2024)
• Kamalammal Avenue: Rs 1,650 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total cost for these fees Rs 59,490. It is important to note that duty is charged on the higher of the guideline value or 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 Sub Registrar Office that covers Kalaimagal Nagar, Ninnakarai (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 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 Peramanoor

The guideline value is a critical factor in property transactions in Peramanoor as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure that the transaction complies with local regulations.

During the registration process, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are fairly documented and taxed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Kalaimagal Nagar?

The current guideline value of Kalaimagal Nagar, Ninnakarai (Ward -19) is Rs 661 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 back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Kalaimagal Nagar?

The land classification for Kalaimagal Nagar, Ninnakarai (Ward -19) is Residential Class I Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated in Kalaimagal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a plot valued at Rs 6,61,000, the stamp duty would be Rs 46,270 at a rate of 7%.