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 street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

Over the years, the guideline value of Kalaivani Nagar Main Road has seen several revisions. The 2024 revision sets the value at Rs 770 per sq.ft, an increase from Rs 700 per sq.ft in the 2023 revision, marking a change of +10%. Going back further, the value was Rs 469 per sq.ft in 2017, which reflects a significant increase of +49% to the 2023 figure. In the 2012 revision, the value was Rs 700 per sq.ft, which was a decrease of -33% from the 2017 figure. 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 Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current 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 881 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kaathavarayan Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 881 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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. It is important to note that the 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 Kalaivani Nagar Main Road (Ward -1)?

The Sub Registrar Office that covers Kalaivani Nagar Main Road (Ward -1) 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 details.

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

When buying or selling property in Thailavaram, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used as a basis for calculating the costs associated with property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall expenses during the registration process. Understanding these values helps in making informed decisions regarding property transactions in the area.

Frequently asked questions

What is the current guideline value of Kalaivani Nagar Main Road (Ward -1)?

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 2023 to Rs 770 per sq.ft in 2024, which is a +10% increase. From 2017 to 2023, it increased by +49%, and from 2012 to 2017, it decreased by -33%.

What is the land classification of Kalaivani Nagar Main Road?

The land classification for Kalaivani Nagar Main Road (Ward -1) is Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kalaivani Nagar Main Road located?

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