Guideline Value for KALLAZHAGAR CITY

Kallazhagar City guideline value

The current guideline value for Kallazhagar City in Orathur village, under the Gooduvancheri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kallazhagar City has changed

The guideline value for Kallazhagar City has undergone several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains this figure at Rs 600 per sq.ft, resulting in a 49% increase from the 2017 figure.

Between the 2023 and 2024 revisions, there has been no change in the guideline value, remaining at Rs 600 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value is Rs 500 per sq.ft, placing Kallazhagar City's 2024 figure above this median.

• Jemi J.P Green Garden: Rs 500 per sq.ft (2024)
• Karthik Nagar: Rs 500 per sq.ft (2024)
• Karthik Nagar EXTN I,II: Rs 500 per sq.ft (2024)
• Indira Nagar Extn Part-I: Rs 700 per sq.ft (2024)
• Indhira Nagar Part-II & III: Rs 700 per sq.ft (2024)
• Indhira Nagar (Extn): Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kallazhagar City

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. 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 Kallazhagar City?

The Sub Registrar Office that covers Kallazhagar City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Orathur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you register a property, the guideline value will be considered to ensure that the transaction is recorded at an appropriate value. This helps in maintaining transparency and compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value of Kallazhagar City?

The current guideline value of Kallazhagar City is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall since 2017.

What are the guideline values for other streets in Orathur?

Other streets in Orathur have guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median value for these streets is Rs 500 per sq.ft.

What is the stamp duty rate for property transactions in Kallazhagar City?

The stamp duty rate for property transactions in Kallazhagar City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kallazhagar City?

The Sub Registrar Office for Kallazhagar City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.