Guideline Value for KALAIVANAR NAGAR 'YESUNATHAR STREET'

Kalaivanar Nagar 'yesunathar Street' guideline value

The current guideline value of Kalaivanar Nagar 'yesunathar Street' is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class V Type - II.

How the guideline value of Kalaivanar Nagar 'yesunathar Street' has changed

The guideline value for Kalaivanar Nagar 'yesunathar Street' has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 2,000 per sq.ft. The most recent revision in 2024 established the current value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as per the 2024 revision. The median guideline value in Padi is Rs 3,800 per sq.ft, indicating that the 2024 figure for Kalaivanar Nagar 'yesunathar Street' is below this median.

• Kalaivanar Nagar "vinayagar Koil Street": Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar "thirumurugan Street": Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'sivan Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'sithar Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar 'sithar Cross Street': Rs 2,200 per sq.ft (2024)
• Kalaivanar Nagar "saraswathy Street": Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar Nagar 'yesunathar 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, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaivanar Nagar 'yesunathar Street'?

The Sub Registrar Office that covers Kalaivanar Nagar 'yesunathar Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Padi. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for potential buyers and sellers, as it impacts the overall cost of property transactions. It is advisable to consult the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Kalaivanar Nagar 'yesunathar Street'?

The current guideline value of Kalaivanar Nagar 'yesunathar 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 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for this street?

Kalaivanar Nagar 'yesunathar Street' is classified as Residential Class V Type - II.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

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, a 1,000 sq.ft plot at the current guideline value would incur specific fees that total Rs 1,98,000.