Guideline Value for KALAIVANAR N.S.K(KAVARAI STREET)

Kalaivanar N.S.K(Kavarai Street) guideline value

The current guideline value of Kalaivanar N.S.K(Kavarai Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Kalaivanar N.S.K(Kavarai Street) has changed

Over the years, the guideline value for Kalaivanar N.S.K(Kavarai Street) has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 2,000 per sq.ft. This figure remained the same until the next revision in 2017, which saw a decrease to Rs 1,340 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,000 per sq.ft. The most recent revision in 2024 again increased the value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Kalaivanar N.S.K(Kavarai Street).

• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kalathumettu Street: Rs 1,100 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Street Ward-2: Rs 1,650 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)
• Jeevanatham Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar N.S.K(Kavarai Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost of duty and fees Rs 1,98,000. Please note that the 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 further calculations.

Which Sub Registrar Office covers Kalaivanar N.S.K(Kavarai Street)?

The Sub Registrar Office that covers Kalaivanar N.S.K(Kavarai Street) 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 Chengalpattu Natham

The guideline value is a crucial factor when buying or selling property in Chengalpattu Natham. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value acts as a benchmark for the transaction, ensuring that the property is valued appropriately. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kalaivanar N.S.K(Kavarai Street)?

The current guideline value of Kalaivanar N.S.K(Kavarai Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 in 2012 to Rs 1,340 in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Kalaivanar N.S.K(Kavarai Street)?

Kalaivanar N.S.K(Kavarai Street) is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

What is the stamp duty rate for properties in Chengalpattu Natham?

The stamp duty rate for properties in Chengalpattu Natham is 7%, which is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find more details online.