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 Vallancheri 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

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This saw a decrease to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, before rising again to Rs 770 per sq.ft in the 2024 revision. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Between the 2017 and 2023 revisions, there was a remarkable increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from 2012 to 2024, there has been a modest increase of 10% in the guideline value.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Kalaivani Nagar Main Road (Ward -1) is below this median.

• 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)
• Kaathavarayan Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 880 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 rate of Rs 770 per sq.ft, the 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, totaling Rs 69,300. 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 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Vallancheri, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the property transaction.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any issues during registration.

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?

Since 2012, the guideline value has seen various changes, starting from Rs 700 per sq.ft in 2012, dropping to Rs 469 per sq.ft in 2017, then rising to Rs 700 per sq.ft in 2023, and finally reaching Rs 770 per sq.ft in 2024.

What is the land classification for Kalaivani Nagar Main Road (Ward -1)?

Kalaivani Nagar Main Road (Ward -1) is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot would incur a total cost of Rs 69,300 for these fees.

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. You can find more information by visiting the appropriate link.