Guideline Value for KALAVATHI NAGAR

Kalavathi Nagar guideline value

The current guideline value of Kalavathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This village falls under the Manavalanagar Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Kalavathi Nagar has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 134 per sq.ft, reflecting a decrease of 33%. The 2023 revision also maintained the value at Rs 200 per sq.ft. The current revision for 2024 has again set the value at Rs 200 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 1,201 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Kalavathi Nagar's 2024 figure below that median.

• Kansanbai Nagar: Rs 502 per sq.ft (2024)
• Kasthuri Bai Nagar: Rs 502 per sq.ft (2024)
• Gokul Garden: Rs 502 per sq.ft (2024)
• Ganesh Ram Nagar: Rs 226 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)
• Ellappa Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kalavathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalavathi Nagar?

The Kalavathi Nagar area is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is an important factor in the registration of property transactions in Kizhnallathur & Melnallathur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kalavathi Nagar?

The current guideline value of Kalavathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, and a return to Rs 200 per sq.ft in 2023 and 2024. There was a significant increase of 49% from 2017 to 2023.

What is the median guideline value in Kizhnallathur & Melnallathur?

The median guideline value for streets in Kizhnallathur & Melnallathur is Rs 250 per sq.ft, while Kalavathi Nagar's value is below this median.

What are the stamp duty and registration fees for property in Kalavathi Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Kalavathi Nagar?

The Manavalanagar Sub Registrar Office handles property registration for Kalavathi Nagar, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.