Guideline Value for KALAIVANI NAGAR MAIN ROAD (WARD -1)

Kalaivani Nagar Main Road (Ward -1) guideline value

The current guideline value of Kalaivani Nagar Main Road (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This road is located in Konathi village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Kalaivani Nagar Main Road (Ward -1) has changed

The guideline value for Kalaivani Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 700 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 770 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 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, with rates ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the 2024 guideline value of Kalaivani Nagar Main Road.

• Kalaimagal Street (Ward-21): Rs 660 per sq.ft (2024)
• Kalaignar Karunanithi Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Kakkan Street Mgr Nagar (Ward-20): Rs 880 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 880 per sq.ft (2024)
• Kaathavarayan Koil Street (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivani Nagar Main Road (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the 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 Kalaivani Nagar Main Road (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Kalaivani Nagar Main Road (Ward -1). The office is 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 Konathi

The guideline value is a crucial factor in the registration of property transactions in Konathi. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. This ensures that both parties are aware of the costs involved in the transaction, based on the officially recognized values.

Frequently asked questions

What is the current guideline value of Kalaivani Nagar Main Road?

The current guideline value of Kalaivani Nagar Main Road (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Kalaivani Nagar Main Road?

Kalaivani Nagar Main Road is classified as 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 the stamp duty calculated for properties in Konathi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.